PSA Dividend History & Analysis | 4.1% Yield

PSA has a dividend yield of 4.1% and paid 12 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.08%
Payout Ratio 116.9%
Growth Rate CAGR 5y 12%
Consistency Lifetime 82.8%
Yield on Cost 5y 4.8%
Payout FCF 94.1%
Streak Years 2
Dividend Rating 65.9%
Chowder Number yield + growth 16.1% meets 12% target for healthy growth
Yield vs Average 5y -3.5% avg 4.23% vs now 4.08%
Debt / EBITDA leverage 3.0x healthy
Income per 10k invested 408 USD per year
Dividends Cash Amount per Share Yearly PSA annual dividends paid per share, showing the total cash Public Storage distributed to shareholders each year.
Dividend Growth Year over Year PSA year-over-year dividend growth rate, showing how Public Storage's dividend per share increased or decreased each year compared to the prior year.
Price and Yield per Payout History PSA dividend yield history versus share price over the past 5 years, showing how Public Storage's payout yield moved at each dividend payment relative to its stock price.
┅┅ Payout Yield (right) Price (left)

Top Dividend Payers in Specialized REITs

Top 10 Dividend Yields of Peer-Group
SYMBOL MARKET CAP USD YIELD TTM YIELD ON COST 5y
MRP NYSE
Millrose Properties
4,943 M 10.26% 15.78%
EPR NYSE
EPR Properties
4,578 M 6.63% 9.70%
GLPI NASDAQ
Gaming & Leisure Properties
12,448 M 6.85% 9.22%
VICI NYSE
VICI Properties
28,551 M 6.31% 7.41%
NSA NYSE
National Storage Affiliates
6,578 M 6.85% 5.62%
FCPT NYSE
Four Corners Property Trust
2,756 M 6.07% 6.53%
LAMR NASDAQ
Lamar Advertising
15,988 M 4.91% 7.74%
CUBE NYSE
CubeSmart
9,157 M 5.61% 5.41%
OUT NYSE
Outfront Media
5,785 M 4.94% 6.59%
IRM NYSE
Iron Mountain
34,858 M 3.33% 9.31%
Top 10 Dividend Growth Rates of Peer-Group
SYMBOL MARKET CAP USD GROWTH RATE CONSISTENCY
MRP NYSE
Millrose Properties
4,943 M 54.95% 100.0%
EQIX NASDAQ
Equinix
100,886 M 14.72% 100.0%
PSA NYSE
Public Storage
56,071 M 11.98% 82.8%
IRM NYSE
Iron Mountain
34,858 M 8.81% 98.6%
LAMR NASDAQ
Lamar Advertising
15,988 M 8.32% 99.2%
VICI NYSE
VICI Properties
28,551 M 5.63% 100.0%
CUBE NYSE
CubeSmart
9,157 M 5.65% 96.2%
EPR NYSE
EPR Properties
4,578 M 3.01% 100.0%
FCPT NYSE
Four Corners Property Trust
2,756 M 2.31% 100.0%
GLPI NASDAQ
Gaming & Leisure Properties
12,448 M 6.11% 98.6%

PSA Dividend History

Dividend Monthly Return EX date, 4.8 years of data

Jan - -
Feb - -
Mar 0.93% 100
Apr - -
May - -
Jun 0.95% 100
Jul 1.01% 22
Aug - -
Sep 0.84% 100
Oct - -
Nov - -
Dec 0.87% 100

Average monthly dividend return by ex-dividend date. The score below shows reliability based on how consistently dividends were paid in that month.

Last 21 Payments (USD) as of July 2026
EX-DATE RECORD PAYMENT PERIOD DIV/SHARE GROWTH PAYOUT YIELD
2026-06-15 2026-06-15 2026-06-30 Quarterly 3 0% 0.93%
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%

PSA Dividend FAQ

What is the Dividend Yield of PSA?

As of July 2026, PSA's dividend yield is 4.08%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 12.0 USD by the current share price of 320.56.

Does PSA pay a dividend?

As of July 2026, PSA paid a dividend of 12.00 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 4 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 3.082 (+2.7%) and 3.238 (+7.9%). This indicates a solid dividend increase compared to the last payment. The expected Yield for the next 12 months is about 3.94%.

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 currently unknown.

What is the next Ex-Dividend Date for PSA?

The next Ex-Dividend date for Public Storage (PSA) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of PSA?

PSA's average dividend growth rate over the past 5 years is 12.0% 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 4.76%. If you bought PSA's shares at 252.03 USD five years ago, your current annual dividend income (12.0 USD per share, trailing 12 months) equals 4.76% of your original purchase price.

What is the Payout Consistency of PSA?

PSA Payout Consistency is 82.8%. 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. Moderately consistent: Public Storage has a good track record of consistent dividend payments over its lifetime.

Does PSA have a good Dividend Yield?

PSA's 4.08% 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 116.9%. 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 65.89%. 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: 2026-06-30 03:31 UTC