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SOVRAN SELF STORAGE HIKES QUARTERLY DIVIDEND

Sovran Self Storage Inc. has increased its quarterly dividend by 2 percent to 57 cents per share, the Williamsville-based real estate investment trust said Monday.

Robert J. Attea, Sovran's chairman and chief executive officer, said the increased dividend reflects management's confidence in the company's earnings strength and its future growth.

The increased dividend, which is up a penny, is payable Oct. 22 to shareholders of record on Oct. 6.

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