National Storage Affiliates (NSA) will raise its quarterly dividend by another 3.1 percent to $0.33 per share in 2019. This follows a 6.7 percent dividend hike by the self storage REIT earlier this year.

The next dividend is payable on December 31, 2019 to shareholders of record on December 13, 2019. A new annual rate of $1.32 yields 4.0% at a stock price of $32.65.

National Storage Affiliates Trust is a real estate investment trust focused on the ownership, operation and acquisition of self-storage properties located within metropolitan areas throughout the United States. The company owns and operates 735 self storage properties located in 35 states and Puerto Rico with approximately 47 million rentable square feet. National Storage went public in 2015 and has increased its dividend every year since. The company was co-founded by CEO Arlen D. Nordhagen in 1998 as SecurCare Self Storage.