PSA - NYSE
Public Storage
$301.97
+0.95%Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.
At a Glance
Live SnapshotPublic Storage Dividend History
PSA Dividend Payment History
Total Payments
50
Latest Dividend
$3.0000
Annual Amount
$12.0000
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
May 6, 2026 | Jun 15, 2026 | Jun 30, 2026 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Feb 17, 2026 | Mar 16, 2026 | Mar 31, 2026 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Oct 29, 2025 | Dec 15, 2025 | Dec 30, 2025 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Aug 26, 2025 | Sep 15, 2025 | Sep 30, 2025 | $3.0000 | $3.0000 | Quarterly | 0.00% |
May 7, 2025 | Jun 12, 2025 | Jun 27, 2025 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Feb 21, 2025 | Mar 13, 2025 | Mar 28, 2025 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Oct 30, 2024 | Dec 13, 2024 | Dec 30, 2024 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Aug 1, 2024 | Sep 13, 2024 | Sep 30, 2024 | $3.0000 | $3.0000 | Quarterly | 0.00% |
May 8, 2024 | Jun 12, 2024 | Jun 27, 2024 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Feb 23, 2024 | Mar 13, 2024 | Mar 28, 2024 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Nov 8, 2023 | Dec 13, 2023 | Dec 28, 2023 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Aug 2, 2023 | Sep 13, 2023 | Sep 28, 2023 | $3.0000 | $3.0000 | Quarterly | 0.00% |
May 2, 2023 | Jun 14, 2023 | Jun 29, 2023 | $3.0000 | $3.0000 | Quarterly | 0.00% |
Feb 5, 2023 | Mar 15, 2023 | Mar 30, 2023 | $3.0000 | $3.0000 | Quarterly | +50.00% |
Oct 26, 2022 | Dec 14, 2022 | Dec 29, 2022 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Aug 3, 2022 | Sep 14, 2022 | Sep 29, 2022 | $2.0000 | $2.0000 | Quarterly | -84.79% |
Jul 22, 2022 | Aug 1, 2022 | Aug 4, 2022 | $13.1500 | $13.1500 | Quarterly | +557.50% |
Apr 28, 2022 | Jun 15, 2022 | Jun 30, 2022 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Feb 18, 2022 | Mar 16, 2022 | Mar 31, 2022 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Oct 27, 2021 | Dec 15, 2021 | Dec 30, 2021 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Aug 3, 2021 | Sep 15, 2021 | Sep 30, 2021 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Apr 28, 2021 | Jun 15, 2021 | Jun 30, 2021 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Feb 16, 2021 | Mar 16, 2021 | Mar 31, 2021 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Nov 4, 2020 | Dec 15, 2020 | Dec 30, 2020 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Aug 3, 2020 | Sep 15, 2020 | Sep 30, 2020 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Apr 21, 2020 | Jun 15, 2020 | Jun 30, 2020 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Feb 21, 2020 | Mar 16, 2020 | Mar 31, 2020 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Oct 23, 2019 | Dec 13, 2019 | Dec 30, 2019 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Jul 24, 2019 | Sep 12, 2019 | Sep 27, 2019 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Apr 24, 2019 | Jun 12, 2019 | Jun 27, 2019 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Feb 19, 2019 | Mar 13, 2019 | Mar 28, 2019 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Oct 24, 2018 | Dec 12, 2018 | Dec 27, 2018 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Jul 25, 2018 | Sep 12, 2018 | Sep 27, 2018 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Apr 25, 2018 | Jun 13, 2018 | Jun 28, 2018 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Feb 20, 2018 | Mar 14, 2018 | Mar 29, 2018 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Oct 25, 2017 | Dec 13, 2017 | Dec 28, 2017 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Jul 26, 2017 | Sep 13, 2017 | Sep 28, 2017 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Apr 27, 2017 | Jun 14, 2017 | Jun 29, 2017 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Feb 22, 2017 | Mar 15, 2017 | Mar 30, 2017 | $2.0000 | $2.0000 | Quarterly | 0.00% |
Oct 26, 2016 | Dec 14, 2016 | Dec 29, 2016 | $2.0000 | $2.0000 | Quarterly | +11.11% |
Jul 27, 2016 | Sep 14, 2016 | Sep 29, 2016 | $1.8000 | $1.8000 | Quarterly | 0.00% |
Apr 25, 2016 | Jun 15, 2016 | Jun 30, 2016 | $1.8000 | $1.8000 | Quarterly | +5.88% |
Feb 15, 2016 | Mar 16, 2016 | Mar 31, 2016 | $1.7000 | $1.7000 | Quarterly | 0.00% |
Oct 29, 2015 | Dec 15, 2015 | Dec 30, 2015 | $1.7000 | $1.7000 | Quarterly | 0.00% |
Jul 29, 2015 | Sep 15, 2015 | Sep 30, 2015 | $1.7000 | $1.7000 | Quarterly | 0.00% |
Apr 30, 2015 | Jun 15, 2015 | Jun 30, 2015 | $1.7000 | $1.7000 | Quarterly | +21.43% |
Feb 19, 2015 | Mar 16, 2015 | Mar 31, 2015 | $1.4000 | $1.4000 | Quarterly | 0.00% |
Oct 30, 2014 | Dec 15, 2014 | Dec 30, 2014 | $1.4000 | $1.4000 | Quarterly | 0.00% |
Jul 31, 2014 | Sep 15, 2014 | Sep 30, 2014 | $1.4000 | $1.4000 | Quarterly | 0.00% |
May 1, 2014 | Jun 13, 2014 | Jun 30, 2014 | $1.4000 | $1.4000 | Quarterly | - |
Public Storage Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Moderate FCF concern. Most free cash flow goes to dividends, limiting flexibility. Monitor CapEx needs and ensure FCF isn't declining.
Dividend Growth
Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.
Sustainability
Dividend sustainability questionable. Monitor closely for signs of stress. Consider whether yield justifies the risk.
Related Guides
Continue your PSA research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.