The Board of Directors of Sovran Self Storage Inc. announced an increase in the company's quarterly dividend from $0.45 per share to $0.48 per share or $1.80 to $1.92 annualized. The increase is effective with the fourth quarter 2012 dividend and will be paid on January 28, 2013 to Shareholders of record on January 14, 2013. The dividend, based on Monday's closing share price, equates to an annual yield of approximately 3.1%.