Public Storage Dividends and Buybacks
Dividend criteria checks 5/6
Public Storage is a dividend paying company with a current yield of 4% that is well covered by earnings. Next payment date is on 30th December, 2024 with an ex-dividend date of 13th December, 2024.
Key information
4.0%
Dividend yield
0.3%
Buyback Yield
| Total Shareholder Yield | 4.3% |
| Future Dividend Yield | 4.2% |
| Dividend Growth | 1.4% |
| Next dividend pay date | 30 Dec 24 |
| Ex dividend date | 13 Dec 24 |
| Dividend per share | US$12.000 |
| Payout ratio | 81% |
Recent dividend and buyback updates
Recent updates
Public Storage: A Great Business, With Nowhere To Grow
Nov 28Public Storage: Wonderful REIT At A Fair Price
Nov 21Public Storage: Still Great, But Still Not Worth The Purchase
Sep 034%-Yielding Public Storage - One Of The Best REITs On The Market
Jul 11Public Storage: Strong FFO Growth, Low Pay-Out Ratio And A 4.4% Yield
May 29A Public Service Announcement On Public Storage - It's A 'Buy'
May 05REIT Public Storage Has Been And May Continue To Be A Terrible Investment
Apr 22Public Storage: Great Entry Point For Long-Term Investors
Mar 264.3%-Yielding Public Storage: A Steady Eddie You May Need In Your Portfolio
Mar 18Public Storage: The Self-Storage Glut Is Coming In 2024
Feb 19Public Storage: Store Away And Lock Up Your Shares For The Long Term
Feb 12Public Storage: Remains Attractive With A 4% Dividend Yield
Jan 05Public Storage: 4.5% Yield, A-Rated Debt, And Strong Annual Total Return Potential
Dec 05Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PSA's dividends per share have been stable in the past 10 years.
Growing Dividend: PSA's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Public Storage Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PSA) | 4.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Specialized REITs) | 3.9% |
| Analyst forecast (PSA) (up to 3 years) | 4.2% |
Notable Dividend: PSA's dividend (4%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: PSA's dividend (4%) is low compared to the top 25% of dividend payers in the US market (4.53%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (81.1%), PSA's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (72.3%), PSA's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 06:13 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Public Storage is covered by 43 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Kilstein | Argus Research Company |
| Richard Milligan | Baird |
| Ross Smotrich | Barclays |