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Data last updated: Sep 24, 2026
Snapshot (as of Sep 24, 2026): Extra Space Storage Inc. (EXR) pays a $6.48 annual dividend ($1.62 quarterly), yielding 4.84% at $133.84/share. Next ex-dividend date 2026-09-15. 16 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.84%
Annual Dividend: $6.48 per share
Payout Ratio: 143.1%
Ex-Dividend Date: 2026-09-15
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 a 4.65% dividend yield, with a trailing annual rate of $6.48 per share paid quarterly. The next ex-dividend date is September 15, 2026. With a beta of 1.185, EXR stock carries slightly above-average market sensitivity, which income investors focused on real estate should factor into their expectations.
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 demand for self-storage across its roughly 1.4 million individual units provides a broad revenue base that supports the current payment level. Extra Space Storage Inc. dividend safety is the central question here: a payout ratio above 100% means the dividend exceeds reported earnings, and any meaningful softening in occupancy or rental rates across its 147.5 million square feet of rentable space would put direct pressure on that coverage.
Extra Space Storage Inc. dividend history shows a CAGR of 19.1% per year from 2011 to 2025. The per-share annual dividend grew from $0.56 to $6.48 over that period (2026 data is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 70.6% in 2013, though the history also contains at least one year-over-year decline exceeding 5%, with 2023 coming in at $5.47 versus $6.00 in 2022.
| 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 want a high current yield from a large-scale real estate operator. The yield of 4.65% sits above its 5-year average of 4.3%, which means income buyers are getting slightly more yield than the historical norm. The trade-off is a payout ratio of 143.1%, classified as high (above 4% yield stocks often carry elevated payout ratios in the REIT space), and a consecutive increase streak of just 2 years. What an investor gets here is meaningful quarterly income backed by a nationwide self-storage portfolio. What they accept is a payout that exceeds reported earnings and a growth rate that has not been linear.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-15 | $1.6200 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.8600 |
| 2025 | $6.4800 |
| 2024 | $6.4800 |
| 2023 | $6.4800 |
| 2022 | $6.0000 |
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