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Data last updated: Nov 08, 2026
Snapshot (as of Nov 08, 2026): Extra Space Storage Inc. (EXR) pays a $6.48 annual dividend ($1.62 quarterly), yielding 4.07% at $159.19/share. Next ex-dividend date 2026-12-15. 16 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.07%
Annual Dividend: $6.48 per share
Payout Ratio: 131.7%
Ex-Dividend Date: 2026-12-15
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 23
Extra Space Storage Inc. is the largest operator of self-storage properties in the United States, and its dividend reflects the scale of that position. The Extra Space Storage Inc. dividend currently yields 4.81%, placing it in high-yield territory for income-focused investors. EXR pays $6.48 per share annually on a quarterly schedule, with the next ex-dividend date set for September 15, 2026. A beta of 1.166 means EXR stock moves slightly more than the broader market, a trade-off income investors should weigh against that yield.
Extra Space Storage Inc. pays out 143.1% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the dividend is not fully covered by reported earnings, though self-storage demand across 4,410 stores and approximately 341 million square feet of rentable space provides a broad operational base supporting cash generation. Extra Space Storage Inc. dividend safety is the central question here, and the payout ratio is the clearest pressure point: any meaningful earnings decline narrows the coverage gap further.
Extra Space Storage Inc. dividend history shows a CAGR of 19.1% per year from 2011 to 2025. The per-share payment grew from $0.56 to $6.48 over that window (2026 is a partial year and excluded from the growth calculation). The largest annual increase in the window was 70.6% in 2013, while growth slowed to near-flat in recent years, with 2023, 2024, and 2025 all holding at $6.48 per share.
| 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 fits dividend investors who prioritize current income over near-term dividend growth. The yield classification is high (above 4%), and at 4.81% it sits well above the stock's own 5-year average yield of 3.59%, reflecting a more attractive entry point on a yield basis than the recent historical norm. The trade-off is a payout ratio above 100%, which limits the likelihood of near-term increases and raises questions about long-term coverage. What an investor gets is a high current yield from the largest U.S. self-storage operator. What they accept is a dividend that has flatlined since 2023 and a payout structure that leaves little room for error.
| 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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