Life Storage Inc (LSI) Announces Quarterly Dividend of $1.00
Life Storage Inc (NYSE:LSI) announced a quarterly dividend on Wednesday, January 3rd, RTT News reports. Shareholders of record on Tuesday, January 16th will be given a dividend of 1.00 per share by the real estate investment trust on Friday, January 26th. This represents a $4.00 annualized dividend and a yield of 4.52%.
Life Storage has a dividend payout ratio of 75.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Life Storage to earn $5.40 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 74.1%.
Life Storage (LSI) traded down $0.51 during midday trading on Wednesday, reaching $88.56. 272,100 shares of the company’s stock traded hands, compared to its average volume of 308,700. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. Life Storage has a 1 year low of $69.00 and a 1 year high of $91.75. The company has a market capitalization of $4,145.03, a price-to-earnings ratio of 44.06, a P/E/G ratio of 3.67 and a beta of 0.64.
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About Life Storage
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. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.
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