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Public Storage (PSA)
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PSA Dividends

Public Storage (PSA) pays $12.00 in dividends per share, with a current dividend yield of 3.70%.

PSA Dividend Summary

Consecutive Years

0

Next Ex-Dividend Date

Jun 15, 2026

Next Payment Date

Jun 30, 2026

PSA Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

PSA Dividends CAGR Chart

Public Storage (PSA)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$6.00
2025$12.00+0.00%
2024$12.00+0.00%
2023$12.00N/A
2022$21.15N/A
2021$8.00+0.00%
2020$8.00+0.00%
2019$8.00+0.00%
2018$8.00+0.00%
2017$8.00+9.59%
2016$7.30+12.31%
2015$6.50+16.07%
2014$5.60+8.74%
2013$5.15+17.05%
2012$4.40+20.55%
2011$3.65+19.67%
2010$3.05+38.64%
2009$2.20-21.43%
2008$2.80+40.00%
2007$2.00+0.00%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$3.00+0.00%
Q1 2026$3.00+0.00%
Q4 2025$3.00+0.00%
Q3 2025$3.00+0.00%
Q2 2025$3.00+0.00%
Q1 2025$3.00+0.00%
Q4 2024$3.00+0.00%
Q3 2024$3.00+0.00%
Q2 2024$3.00+0.00%
Q1 2024$3.00+0.00%
Q4 2023$3.00+50.00%
Q3 2023$3.00
Q2 2023$3.00+50.00%
Q1 2023$3.00+50.00%
Q4 2022$2.00+0.00%
Q3 2022$15.15
Q2 2022$2.00+0.00%
Q1 2022$2.00+0.00%
Q4 2021$2.00+0.00%
Q3 2021$2.00+0.00%
Q2 2021$2.00+0.00%
Q1 2021$2.00+0.00%
Q4 2020$2.00+0.00%
Q3 2020$2.00+0.00%

Dividend Yield Metrics

Current Yield
3.70%
Average Yield (TTM)
3.70%
Average Yield (3Y)
3.70%
Forward Yield on Cost (3Y)
5.56%
Forward Yield on Cost (5Y)
7.28%
Forward Yield on Cost (10Y)
14.31%

Payout Ratio Analysis

Payout Ratio (Current)
132.74%
FCF Payout Ratio
68.70%
Payout Ratio (3Y Avg)
117.70%
Payout Ratio (5Y Avg)
104.66%
FCF Payout (3Y Avg)
75.32%
FCF Payout (5Y Avg)
85.40%

For REITs, the net-income payout ratio overstates sustainability — large non-cash depreciation depresses net income, so it often reads >100%. The FCF payout ratio above (or FFO/AFFO, the REIT-standard basis) is the more meaningful gauge.

Dividend Coverage

Payout Ratio
132.7%
Dividends / net income
FCF Payout Ratio
68.7%
Dividends / free cash flow
Consecutive Years
N/A
Years with regular dividend payments
5Y Dividend Growth
8.4%
Compound annual dividend growth

About Public Storage

Public Storage (PSA), an esteemed Real Estate Investment Trust (REIT) and a constituent of both the S&P 500 and FT Global 500 indices, concentrates its operations on the acquisition, development, ownership, and management of self-storage properties. By September 30, 2020, the company's substantial holdings included 2,504 self-storage facilities located across 38 U.S. states, collectively providing around 171 million net rentable square feet. Additionally, Public Storage held an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR), an entity that owned and operated 239 self-storage sites under the Shurgard brand in seven Western European countries, encompassing approximately 13 million net rentable square feet. Concurrently, it maintained an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB), which, as of the same reporting date, managed roughly 28 million rentable square feet of commercial properties. The company's main office is situated in Glendale, California.

Glendale, CA
5,900 employees
Real Estate / REIT - Industrial
Sector
Real Estate
Industry
REIT - Industrial
CEO
H. Thomas Boyle