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The American company Life Storage Inc. (ISIN: US53223X1072, NYSE: LSI) will pay a quarterly dividend of $ 0.74 per share. The shareholders will receive the distribution on April 26, 2021 (record date: April 14, 2021).
Projected over the year, Life Storage (formerly Sovran Self Storage) pays out US $ 2.96. The current dividend yield is at the current share price of 88.19 US dollars and based on the current payout method 3.35 percent (as of April 5, 2021).
Life Storage Inc. operates as a Real Estate Investment Trust (REIT). The company buys and operates systems for self-storage of furniture and other items (self-storage). There are currently over 925 self storage facilities in 32 states and Canada (Ontario). In the fourth quarter of fiscal 2020, the company posted profits of $ 166.51 million, up from $ 147.55 million a year ago, as reported on February 22, 2021.
Since the beginning of 2021, the group has recorded a price increase of 10.80 percent based on the current exchange rate on Wall Street and the current market capitalization is 6.68 billion US dollars (as of April 5, 2021).
Saskia Haaker, editor at MyDividends.de