Extra Space Storage Inc. (NYSE: EXR) last Friday announced that its board approved a quarterly cash dividend of $0.14 per share. The dividend will be payable on September 30, 2011. Extra Space currently has a dividend yield of 2.72%.
Last month Extra Space released its second-quarter financial results. The company reported funds from operations of $0.27 per diluted share, representing an increase of 22% over the same period in the previous year. The company’s same-store occupancy grew 290 basis points to 89% in the second quarter. Its same-store revenue increased 4.7%, while its net operating income increased 7.8%. read more »