Share this article

print logo

Sovran hikes dividend 12 percent

Sovran Self Storage is raising its quarterly dividend by 12 percent as the Amherst-based owner of Uncle Bob’s Self Storage facilities rides a wave of strong occupancy and rising rents.

Sovran is increasing its quarterly dividend to 95 cents per share from the old rate of 85 cents per share, the company said Monday.

The increased dividend will be payable April 26 to shareholders of record on April 14.