Life Storage (LSI), formerly Sovran Self Storage (SSS) will raise its quarterly dividend by 5.3 percent to $1.00 per share. The increase is effective with the quarterly dividend to be paid on April 26, 2017 to shareholders of record on April 18, 2017. Last year LSI hiked its dividend by 11.8 percent.

Life Storage, Inc., formerly 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 and Canada. The company serves both residential and commercial storage customers with storage units rented by month. Life Storage (formerly Sovran Self Storage) has been in the self storage business since 1984; the company went public in 1995.