Life Storage declares quarterly dividend of $1.08 per share

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Life Storage ($NYSE:LSI), Inc. is a American self storage company headquartered in Buffalo, New York. The company has declared a quarterly dividend of $1.08 per share, which is in line with its previous dividend. Shares of Life Storage have traded flat over the past year.

Dividends

Life Storage, Inc. announced today that its Board of Directors has declared a quarterly dividend of $1.08 per share. “Our strong operating results and balance sheet continue to generate significant cash flow, which allows us to return value to shareholders through both our dividend and share repurchase program.” The company’s dividend yields from 2020 to 2022 are 4.23%, 3.16%, 2.79%, and its three-year average dividend yield is 3.39%.

If you are looking for dividend stocks, Life Storage could be a good option. The company’s strong financial position and consistent dividend payments make it a reliable income investment.

Stock Price

This news caused the stock to open at $111.7 and close at $110.7, down by 0.1% from its previous closing price of $110.8. It is also a sign that the company is doing well financially and is confident in its future prospects. Investors who are looking for a stable income stream may find Life Storage an attractive option. The company has a strong history of paying dividends and is likely to continue doing so in the future.

VI Analysis

LIFE STORAGE is a self storage company with a strong track record of paying out consistent and sustainable dividends. The company’s fundamentals reflect its long term potential, and the VI Star Chart shows that LIFE STORAGE is strong in asset, dividend, growth, and profitability. LIFE STORAGE is classified as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends.

Dividend paying companies are deemed less risky as they pursuit growth at a sustainable rate. LIFE STORAGE has a high health score of 8/10 considering its cashflows and debt, is capable to pay off debt and fund future operations.

Summary

Life Storage, Inc. announced today that its Board of Directors has declared a quarterly dividend of $1.08 per share of common stock. The company has a long history of dividend growth and is committed to returning value to shareholders. “We are very pleased to once again increase our dividend,” said CEO Joe Sorge. The company offers a variety of storage unit sizes and types, as well as a wide range of amenities and services designed to make the self storage experience easy and convenient for customers.