Dividend Worth Watching: Oct 26, 2016 will be the day that Life Storage, Inc. (NYSE:LSI) dividends reach $0.95.

Dividend Worth Watching: Oct 26, 2016 will be the day that Life Storage, Inc. (NYSE:LSI) dividends reach $0.95.

Life Storage, Inc. (NYSE:LSI) is expected to pay $0.95 on Oct 26, 2016. The indicated annual dividend is $3.80. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Life Storage, Inc.’s current price of $87.30, the dividend is 1.09%. This dividend’s record date is Oct 14, 2016 and the announcement date is Oct 4, 2016. The stock increased 1.02% or $0.88 on October 7, hitting $87.3. Life Storage Inc (NYSE:LSI) has declined 19.18% since March 8, 2016 and is downtrending. It has underperformed by 28.50% the S&P500.

Life Storage, Inc., formerly Sovran Self Storage, Inc., is a self-administered and self-managed real estate investment trust. The company has a market cap of $4.07 billion. The Firm owns and operates self-storage facilities across the United States. It has a 25.19 P/E ratio. As of June 30, 2016, the Company had an ownership interest in and/or managed 563 self-storage properties in 26 states under the name Uncle Bob’s Self Storage.

LSI Company Profile

Life Storage, Inc., formerly Sovran Self Storage, Inc., incorporated on April 19, 1995, is a self-administered and self-managed real estate investment trust. The Firm owns and operates self-storage facilities across the United States. As of June 30, 2016, the Company had an ownership interest in and/or managed 563 self-storage properties in 26 states under the name Uncle Bob’s Self Storage. The Firm rents moving dollies and blankets, and carries a range of moving and packing supplies, including boxes, tape, locks and other essential items. The Firm offers storage units in various sizes, such as 5 feet by 5 feet storage unit, 5 feet by 10 feet storage unit, 5 feet by 15 feet storage unit, 10 feet by 10 feet storage unit, 10 feet by 15 feet storage unit, 10 feet by 20 feet storage unit and 10 feet by 30 feet storage unit.

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