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Public Storage (Public Storage) Dividend Yield %

: 4.63% (As of Today)
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As of today (2024-04-19), the Trailing Annual Dividend Yield of Public Storage is 4.63%.

Good Sign:

Public Storage stock dividend yield is close to 10-year high.

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

PSA' s Dividend Yield % Range Over the Past 10 Years
Min: 1.96   Med: 3.19   Max: 4.67
Current: 4.63

During the past 13 years, the highest Dividend Yield of Public Storage was 4.67%. The lowest was 1.96%. And the median was 3.19%.

PSA's Dividend Yield % is ranked worse than
77.06% of 837 companies
in the REITs industry
Industry Median: 7.14 vs PSA: 4.63

Public Storage's Dividend Payout Ratio for the three months ended in Dec. 2023 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 1.06, which seems too high.

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.

As of today (2024-04-19), the Forward Dividend Yield % of Public Storage is 4.63%.

Public Storage's Dividends per Share for the three months ended in Dec. 2023 was $3.00.

During the past 12 months, Public Storage's average Dividends Per Share Growth Rate was 50.00% 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.


Public Storage Dividend Yield % Historical Data

The historical data trend for Public Storage's Dividend Yield % 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.76 3.46 2.14 2.83 3.93

Public Storage Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.83 2.98 3.43 4.17 3.93

Competitive Comparison

For the REIT - Industrial subindustry, Public Storage's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % Distribution

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

* The bar in red indicates where Public Storage's Dividend Yield % falls into.



Public Storage Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Public Storage Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 3.0002024-03-122024-03-132024-03-28Cash DividendquarterlyUSD:USD 1.000000
USD 3.0002023-12-122023-12-132023-12-28Cash DividendquarterlyUSD:USD 1.000000
USD 3.0002023-09-122023-09-132023-09-28Cash DividendquarterlyUSD:USD 1.000000
USD 3.0002023-06-132023-06-142023-06-29Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Public Storage's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=12/260.28
=4.61 %

Current Share Price is $260.28.
Public Storage's Dividends per Share for the trailing twelve months (TTM) ended in Today is $12.

Public Storage's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=12/260.28
=4.61 %

Current Share Price is $260.28.
Public Storage's Dividends per Share for the forward twelve months is calculated as $3 * 4 = $12.

* 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.


Public Storage  (NYSE:PSA) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Public Storage Dividend Yield % Related Terms

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


Public Storage (Public Storage) Business Description

Address
701 Western Avenue, Glendale, CA, USA, 91201-2349
Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 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
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
Heisz Leslie Stone director C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Ronald P Spogli director 701 WESTERN AVENUE, GLENDALE CA 91201
Kristy Pipes director C/O PS BUSINESS PARKS, INC., 701 WESTERN AVENUE, GLENDALE CA 91201
Shroff Michelle Millstone director C/O PARTY CITY HOLDCO INC., 80 GRASSLANDS ROAD, ELMSFORD NY 10523
Rebecca L Owen director 1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Paul S Williams director C/O MAJOR, LINDSEY & AFRICA, 1 SOUTH WACKER DRIVE, SUITE 1750, CHICAGO IL 60606
Tariq M Shaukat director ONE CAESARS PALACE DRIVE, LAS VEGAS NV 89109
David J Neithercut director C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606