PSA (Public Storage) Dividend Payout Ratio : 1.17 (As of Sep. 2024)

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What is Public Storage Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Public Storage's Dividend Payout Ratio for the months ended in Sep. 2024 was 1.17.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Public Storage is 1.18, which seems too high.

The historical rank and industry rank for Public Storage's Dividend Payout Ratio or its related term are showing as below:

PSA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.73 Med: 1.07 Max: 1.2
Current: 1.18

During the past 13 years, the highest Dividend Payout Ratio of Public Storage was 1.20. The lowest was 0.73. And the median was 1.07.

PSA's Dividend Payout Ratio is ranked worse than
60.63% of 668 companies
in the REITs industry
Industry Median: 1.01 vs PSA: 1.18

As of today (2024-12-14), the Dividend Yield % of Public Storage is 3.78%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Public Storage was 4.67%. The lowest was 1.96%. And the median was 3.38%.

Public Storage's Dividends per Share for the months ended in Sep. 2024 was $3.00.

During the past 12 months, Public Storage's average Dividends Per Share Growth Rate was 9.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 14.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Public Storage was 26.90% per year. The lowest was -22.60% per year. And the median was 6.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Public Storage Dividend Payout Ratio Historical Data

The historical data trend for Public Storage's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Public Storage Dividend Payout Ratio Chart

Public Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.10

1.20

0.87

0.73

1.05

Public Storage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															1.02	1.16	1.25	1.15	1.17

Competitive Comparison of Public Storage's Dividend Payout Ratio

For the REIT - Industrial subindustry, Public Storage's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Public Storage's Dividend Payout Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Public Storage's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Public Storage's Dividend Payout Ratio falls into.

Public Storage Dividend Payout Ratio Calculation

Public Storage's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	12	/	11.386
	=	1.05

Public Storage's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	3	/	2.555
	=	1.17

Public Storage (NYSE:PSA) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Public Storage Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Public Storage's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Public Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Public Storage (NYSE:PSA) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PSApS.PFD:USA PSApR.PFD:USA PSApQ.PFD:USA PSApP.PFD:USA PSApO.PFD:USA PSApN.PFD:USA PSApM.PFD:USA PSApL.PFD:USA PSApK.PFD:USA PSApJ.PFD:USA PSApI.PFD:USA PSApH.PFD:USA PSApG.PFD:USA PSApF.PFD:USA PSA:Mexico 0KS3:UK PUP:Germany PUP:Germany P1SA34:Brazil

Address

701 Western Avenue, Glendale, CA, USA, 91201-2349

Website

https://www.publicstorage.com

Public Storage is the largest owner of self-storage facilities in the us with more than 3,000 self-storage facilities in 40 states and approximately 219 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

Executives

Nathaniel A. Vitan	officer: Chief Legal Officer	701 WESTERN AVENUE, GLENDALE CA 91201-2349
Kristy Pipes	director	C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
John Reyes	director	701 WESTERN AVENUE, GLENDALE CA 91201
Havner Ronald L Jr	director	701 WESTERN AVENUE, GLENDALE CA 91201
Avedick Baruyr Poladian	director	701 WESTERN AVENUE, GLENDALE CA 91201
David Lee	officer: Chief Operating Officer	C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Russell Joseph D Jr	officer: President & CEO	PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Tamara Hughes Gustavson	director, 10 percent owner	701 WESTERN AVENUE, GLENDALE CA 91201-2349
Ronald P Spogli	director	701 WESTERN AVENUE, GLENDALE CA 91201
Rebecca L Owen	director	1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Shroff Michelle Millstone	director	C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Paul S Williams	director	C/O MAJOR, LINDSEY & AFRICA, 1 SOUTH WACKER DRIVE, SUITE 1750, CHICAGO IL 60606
Heisz Leslie Stone	director	C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
David J Neithercut	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Tariq M Shaukat	director	ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109