Life Storage, Inc. (NYSE:LSI) will begin trading ex-dividend on July 13, 2020. The quarterly dividend payment of $ 1.07 per share is scheduled to be paid on July 27, 2020. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date, latest at the end of the trading session on July 13, 2020.
Dividends History
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Recent Earnings Announcement
Life Storage, Inc. outlined income for the first quarter of $ 1.40 per share, from the revenue of $ 146.94 million. The quarterly earnings up 89.19 percent while revenues escalated 7.63 percent compared with the same quarter last year.
Street analysts expected Life Storage, Inc. to report income of $ 0.81 per share on revenue of $ 146.24 million for the first quarter. The bottom line results beat street analysts by $ 0.59 or 72.84 percent, at the same time, top line results topped analysts by $ 0.70 million or 0.48 percent.
Stock Performance
According to the previous trading day, closing price of LSI was $ 96.38, representing a 43.19 % increase from the 52 week low of $ 67.31 and a 19.42 % decrease over the 52 week high of $ 119.61.
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The company has a market capital of $ 4.52 billion and is part of the Real Estate sector and REIT – Industrial industry.
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 750 storage facilities in 28 states and Ontario, Canada.
