PSA Dividend History & Analysis | 4.2% Yield

PSA has a dividend yield of 4.2% and paid 15 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.20%
Payout Ratio 116.8%
Growth Rate CAGR 5y 10.7%
Consistency Lifetime 94.4%
Yield on Cost 5y 6.7%
Payout FCF 94.1%
Streak Years 2
Dividend Rating 66.6%
Ex-Dividend in 19 days: Buy before Jun 15, 2026 to receive the next dividend.
Dividends Cash Amount per Share Yearly This chart shows the yearly cash amount paid as dividends per share.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis) and average yield as orange dashed line.
■ Payout Yield (right) ■ Price (left) ┅┅ Avg Payout Yield

Top Dividend Payers in Specialized REITs

Top 5 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
MRP 4,575 M 10.03% 14.96%
GLPI 13,453 M 6.81% 11.70%
EPR 4,485 M 6.60% 11.30%
NSA 6,281 M 7.35% 8.15%
LAMR 15,486 M 5.16% 9.91%
Top 5 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
OUT 5,916 M 55.56% 76.4%
EPR 4,485 M 23.77% 96.4%
SBAC 22,069 M 17.62% 100.0%
FPI 465 M 21.79% 87.4%
EQIX 103,401 M 13.06% 95.3%
PSA Dividend History: Last 50 Payments (USD) as of May 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-15 2026-06-15 2026-06-30 Quarterly 3 0% N/A
2026-03-16 2026-03-16 2026-03-31 Quarterly 3 0% 1.03%
2025-12-15 2025-12-15 2025-12-30 Quarterly 3 0% 1.09%
2025-09-15 2025-09-15 2025-09-30 Quarterly 3 0% 1.03%
2025-06-12 2025-06-12 2025-06-27 Quarterly 3 0% 1.01%
2025-03-13 2025-03-13 2025-03-28 Quarterly 3 0% 1%
2024-12-13 2024-12-13 2024-12-30 Quarterly 3 0% 0.95%
2024-09-13 2024-09-13 2024-09-30 Quarterly 3 0% 0.84%
2024-06-12 2024-06-12 2024-06-27 Quarterly 3 0% 1.08%
2024-03-12 2024-03-13 2024-03-28 Quarterly 3 0% 1.04%
2023-12-12 2023-12-13 2023-12-28 Quarterly 3 0% 1.1%
2023-09-12 2023-09-13 2023-09-28 Quarterly 3 0% 1.1%
2023-06-13 2023-06-14 2023-06-29 Quarterly 3 0% 1.06%
2023-03-14 2023-03-15 2023-03-30 Quarterly 3 +50% 1.03%
2022-12-13 2022-12-14 2022-12-29 Quarterly 2 0% 0.65%
2022-09-13 2022-09-14 2022-09-29 Quarterly 2 -84.8% 0.6%
2022-07-29 2022-08-01 2022-08-04 Other 13.15 +557.5% 4.06%
2022-06-14 2022-06-15 2022-06-30 Quarterly 2 0% 0.68%
2022-03-15 2022-03-16 2022-03-31 Quarterly 2 0% 0.55%
2021-12-14 2021-12-15 2021-12-30 Quarterly 2 0% 0.56%
2021-09-14 2021-09-15 2021-09-30 Quarterly 2 0% 0.62%
2021-06-14 2021-06-15 2021-06-30 Quarterly 2 0% 0.68%
2021-03-15 2021-03-16 2021-03-31 Quarterly 2 0% N/A
2020-12-14 2020-12-15 2020-12-30 Quarterly 2 0% N/A
2020-09-14 2020-09-15 2020-09-30 Quarterly 2 0% N/A
2020-06-12 2020-06-15 2020-06-30 Quarterly 2 0% N/A
2020-03-13 2020-03-16 2020-03-31 Quarterly 2 0% N/A
2019-12-12 2019-12-13 2019-12-30 Quarterly 2 0% N/A
2019-09-11 2019-09-12 2019-09-27 Quarterly 2 0% N/A
2019-06-11 2019-06-12 2019-06-27 Quarterly 2 0% N/A
2019-03-12 2019-03-13 2019-03-28 Quarterly 2 0% N/A
2018-12-11 2018-12-12 2018-12-27 Quarterly 2 0% N/A
2018-09-11 2018-09-12 2018-09-27 Quarterly 2 0% N/A
2018-06-12 2018-06-13 2018-06-28 Quarterly 2 0% N/A
2018-03-13 2018-03-14 2018-03-29 Quarterly 2 0% N/A
2017-12-12 2017-12-13 2017-12-28 Quarterly 2 0% N/A
2017-09-12 2017-09-13 2017-09-28 Quarterly 2 0% N/A
2017-06-12 2017-06-14 2017-06-29 Quarterly 2 0% N/A
2017-03-13 2017-03-15 2017-03-30 Quarterly 2 0% N/A
2016-12-12 2016-12-14 2016-12-29 Quarterly 2 +11.1% N/A
2016-09-12 2016-09-14 2016-09-29 Quarterly 1.8 0% N/A
2016-06-13 2016-06-15 2016-06-30 Quarterly 1.8 +5.9% N/A
2016-03-14 2016-03-16 2016-03-31 Quarterly 1.7 0% N/A
2015-12-11 2015-12-15 2015-12-30 Quarterly 1.7 0% N/A
2015-09-11 2015-09-15 2015-09-30 Quarterly 1.7 0% N/A
2015-06-11 2015-06-15 2015-06-30 Quarterly 1.7 +21.4% N/A
2015-03-12 2015-03-16 2015-03-31 Quarterly 1.4 0% N/A
2014-12-11 2014-12-15 2014-12-30 Quarterly 1.4 0% N/A
2014-09-11 2014-09-15 2014-09-30 Quarterly 1.4 0% N/A
2014-06-11 2014-06-13 2014-06-30 Quarterly 1.4 0% N/A

PSA Dividend FAQ

What is the Dividend Yield of PSA?

As of May 2026, PSA's dividend yield is 4.20%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 15.0 USD by the current share price of 305.25.

Does PSA pay a dividend?

As of May 2026, PSA paid a dividend of 15.00 USD in the last 12 months. The last dividend was paid on 2026-06-15 and the payout was 3 USD.

How often does PSA pay dividends?

PSA pays dividends quarterly. Over the last 12 months, PSA has issued 5 dividend payments. The last dividend payment was made on 2026-06-15.

PSA dividend forecast

Based on historical data, the forecasted dividends per share for PSA for the next payments are between 3.236 (+7.9%) and 3.45 (+15.0%). This represents a strong dividend growth compared to the last payment. The expected Yield for the next 12 months is about 4.36%.

Will PSA pay dividends in 2026?

The latest dividend paid per share was 3 USD with an Ex-Dividend Date of 2026-06-15. The next Ex-Dividend date for Public Storage (PSA) is 2026-06-15.

What is the next Ex-Dividend Date for PSA?

The next Ex-Dividend date for Public Storage (PSA) is 2026-06-15.

What is the Dividend Growth of PSA?

PSA's average dividend growth rate over the past 5 years is 10.7% per year. Strong growth: PSA's dividend growth is outpacing inflation.

What is the Yield on Cost of PSA?

PSA's 5-Year Yield on Cost is 6.66%. If you bought PSA's shares at 225.38 USD five years ago, your current annual dividend income (15.0 USD per share, trailing 12 months) equals 6.66% of your original purchase price.

What is the Payout Consistency of PSA?

PSA Payout Consistency is 94.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number. Very consistent: Public Storage has a strong track record of consistent dividend payments over its lifetime.

Does PSA have a good Dividend Yield?

PSA's 4.20% Dividend Yield is considered as good. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of PSA?

The Dividend Payout Ratio of PSA is 116.8%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of PSA?

PSA's Overall Dividend Rating is 66.57%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

PSA Outstanding Shares Analysis
The Chart shows the outstanding shares over time per year.
What is the Trend in PSA's Outstanding Shares?

Public Storage's outstanding shares have increased by approximately 0.07% annually over the past 3 years (Trend Reliability: -20.0%). Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has PSA ever had a Stock Split?

Yes, the last stock split was on Aug 14, 2023 with a ratio of 1:1. This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

YEAR NUMBER OF SHARES ANNUAL GROWTH RATE
1985 6,571,400 0%
1986 10,000,000 +52.17%
1987 10,400,000 +4%
1988 10,740,700 +3.28%
1989 10,833,300 +0.86%
1990 14,000,000 +29.23%
1991 15,000,000 +7.14%
1992 17,315,000 +15.43%
1993 23,688,000 +36.81%
1994 32,838,000 +38.63%
1995 71,250,000 +116.97%
1996 93,041,000 +30.58%
1997 119,582,000 +28.53%
1998 128,780,800 +7.69%
1999 132,781,000 +3.11%
2000 128,114,000 -3.51%
2001 121,946,000 -4.81%
2002 124,078,000 +1.75%
2003 127,182,000 +2.5%
2004 128,586,000 +1.1%
2005 128,122,000 -0.36%
2006 169,229,000 +32.08%
2007 168,586,000 -0.38%
2008 168,312,000 -0.16%
2009 168,477,000 +0.1%
2010 169,014,000 +0.32%
2011 171,383,000 +1.4%
2012 171,982,000 +0.35%
2013 172,798,000 +0.47%
2014 173,258,000 +0.27%
2015 173,759,000 +0.29%
2016 173,812,000 +0.03%
2017 174,218,000 +0.23%
2018 174,466,000 +0.14%
2019 174,590,000 +0.07%
2020 174,749,000 +0.09%
2021 176,079,000 +0.76%
2022 176,144,000 +0.04%
2023 175,670,700 -0.27%
2024 175,934,000 +0.15%
2025 175,859,000 -0.04%
2026 175,928,000 +0.04%

Key Metric Definitions

Dividend Yield

Annual dividend per share divided by current share price.

Payout Ratio

Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.

Payout FCF

Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.

Growth Rate (CAGR)

Compound annual growth rate of dividends over the last 5 years.

Consistency

Reliability of dividend payments over lifetime. Penalizes cuts and pauses.

Yield on Cost

Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.

Streak

Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.

Dividend Rating

Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-05-19 02:37 UTC