PSA Dividends
Public Storage (PSA) pays $12.00 in dividends per share, with a current dividend yield of 3.70%.
PSA Dividend Summary
3.70%
$12.00
132.74%
68.70%
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 listThis 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
| Year | Dividend/Share | YoY Growth |
|---|---|---|
| 2026(YTD) | $6.00 | — |
| 2025 | $12.00 | +0.00% |
| 2024 | $12.00 | +0.00% |
| 2023 | $12.00 | N/A |
| 2022 | $21.15 | N/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
| Quarter | Dividend/Share | YoY 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
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.
- Sector
- Real Estate
- Industry
- REIT - Industrial
- CEO
- H. Thomas Boyle