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Data last updated: Aug 10, 2026
Snapshot (as of Aug 10, 2026): Extra Space Storage Inc. (EXR) pays a $6.48 annual dividend ($1.62 quarterly), yielding 4.33% at $149.54/share. Next ex-dividend date 2026-06-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.33%
Annual Dividend: $6.48 per share
Payout Ratio: 143.1%
Ex-Dividend Date: 2026-06-15
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 23
Extra Space Storage Inc. dividend income comes from one of the largest self-storage operators in the United States, with over 1,900 facilities across 40 states, Washington D.C., and Puerto Rico. EXR currently pays $6.48 per share annually, with quarterly distributions and an upcoming ex-dividend date of June 15, 2026. The current yield stands at 4.33%. With a beta of 1.185, EXR stock carries slightly more price volatility than the broader market, making it a fit for income investors who can tolerate moderate swings in exchange for a high current yield.
Extra Space Storage Inc. pays out 143.1% of earnings as dividends, a payout ratio classified as high (above 75%). As a REIT, EXR is structured to distribute the majority of its income, and its nationwide network of roughly 1.4 million individual storage units across diverse customer needs, including vehicle, boat, RV, and business storage, provides broad demand exposure that supports ongoing cash generation. Extra Space Storage Inc. dividend safety faces pressure from that elevated payout ratio, which leaves limited room to absorb earnings shortfalls without affecting the dividend.
Extra Space Storage Inc. dividend history shows a CAGR of 19.1% per year from 2011 to 2025. Per-share payments grew from $0.56 to $6.48 over that window (2026 data is a partial year and excluded from the growth calculation). The largest annual increase in the window was 70.6% in 2013, while 2024 and 2025 both held flat at $6.48, and the history contains at least one year-over-year decline exceeding 5%.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +2.6% | $6.00 (2022) | $6.48 (2025) |
| 5-Year | +12.5% | $3.60 (2020) | $6.48 (2025) |
| 10-Year | +11.2% | $2.24 (2015) | $6.48 (2025) |
EXR stock fits dividend investors who prioritize a high current yield from a large-scale real estate business. The yield of 4.33% is classified as high (above 4%), and it sits above the 5-year average of 3.87%, meaning income buyers today are getting more yield than the historical norm. The trade-off is a payout ratio of 143.1%, which is elevated even by REIT standards, and a growth rate that has flattened in recent years after a decade of aggressive expansion. Extra Space Storage Inc. offers meaningful income from a geographically diversified self-storage portfolio, but the high payout ratio is the central risk income investors accept.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-15 | $1.6200 |
| 2026-03-16 | $1.6200 |
| 2025-12-15 | $1.6200 |
| 2025-09-15 | $1.6200 |
| 2025-06-16 | $1.6200 |
| 2025-03-14 | $1.6200 |
| 2024-12-16 | $1.6200 |
| 2024-09-16 | $1.6200 |
| 2024-06-14 | $1.6200 |
| 2024-03-14 | $1.6200 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.2400 |
| 2025 | $6.4800 |
| 2024 | $6.4800 |
| 2023 | $5.4700 |
| 2022 | $6.0000 |
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