Sovran Self Storage (SSS) will raise its quarterly dividend by 13.3 percent to $0.85 per share. This is the second dividend increase by the REIT this year. The company has paid a dividend every year since 1995.
Sovran Self Storage, Inc., is a self-administered and self-managed real estate company. The company acquires, owns and manages self-storage properties in the United States. The company serves both residential and commercial storage customers with storage units rented by month. Sovran Self Storage has been in the self storage business since 1984; the company went public in 1995.