LONDON, UK / ACCESSWIRE / January 11, 2018 / Active-Investors has a free review on Life Storage, Inc. (NYSE: LSI) following the Company's announcement that it will begin trading ex-dividend on January 12, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 11, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on LSI:

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Dividend Declared

On January 04, 2018, Life Storage's Board of Directors announced the Company's quarterly dividend of $1.00 per share of common stock. The dividend will be paid on January 26, 2018, to shareholders of record on January 16, 2018.

Life Storage's indicated dividend represents a yield of 4.60% compared to the average dividend yield of 4.32% for the financial sector.

Dividend Insights

Life Storage has a dividend payout ratio of 75.8%, which means that the Company distributes approximately $0.76 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Life Storage is forecasted to report earnings of $2.81 for the next year compared to the Company's annualized dividend of $4.00. One of the primary reasons for the difference between earnings and annualized dividend is that Life Storage is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the quarter ended September 30, 2017, Life Storage's net income attributable to common shareholders was $35.5 million, or $0.76 per fully diluted share. This compared to a net loss attributable to common shareholders of $4.7 million in Q3 2016, or $0.10 per fully diluted share. On the other hand, the Company's FFO for the reported quarter were $1.34 per fully diluted common share compared to $0.79 for the year ago same period. The FFO indicates that the Company should be able to comfortably cover its dividend payout.

As of September 30, 2017, Life Storage had approximately $6.1 million of cash on hand and $171 million available on its line of credit. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About Life Storage

Life Storage 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 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to its 375,000-plus customers, making it a leader in the industry.

Stock Performance Snapshot

2018 - At Wednesday's closing bell, Life Storage's stock declined 1.09%, ending the trading session at $84.57.

Volume traded for the day: 397.50 thousand shares.

Stock performance in the last three-month ? up 4.36%; and previous six-month period ? up 17.57%

After yesterday's close, Life Storage's market cap was at $3.99 billion.

Price to Earnings (P/E) ratio was at 42.07.

The stock has a dividend yield of 4.73%.

The stock is part of the Technology sector, categorized under the Semiconductor - Specialized industry.

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