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Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): Public Storage (PSA) pays a $12.00 annual dividend ($3.00 quarterly), yielding 3.64% at $329.64/share. Next ex-dividend date 2026-06-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 3.64%
Annual Dividend: $12.00 per share
Payout Ratio: 151.6% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-06-15
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 39
Public Storage dividend income comes from one of the largest self-storage REITs in the United States, with over 2,500 facilities across 38 states. PSA currently pays $12.00 per share annually, distributed quarterly, with the next ex-dividend date on June 15, 2026. The current yield sits at 3.64%. For income investors who want real asset exposure with a moderate yield, PSA's low beta of 0.952 points to relatively low price volatility.
Public Storage pays out 151.6% of earnings as dividends, a payout ratio classified as high (above 75%). Self-storage demand tends to be driven by life events like moving, downsizing, and business needs, which provides a recurring revenue base across PSA's 171 million net rentable square feet of U.S. facilities. Public Storage dividend safety faces pressure from that elevated payout ratio, which exceeds 100% and means the dividend is not fully covered by reported earnings on a trailing basis.
Public Storage dividend history shows a CAGR of 9.6% per year from 2010 to 2025. The per-share annual dividend grew from $3.05 to $12.00 over that period (with 2026 a partial year and not included in the CAGR calculation). Growth was not linear: the dividend held flat at $8.00 from 2018 through 2021 before a large jump, and the largest single-year increase in the window was 164.4% in 2022. PSA has only two consecutive years of dividend increases, so the long-term CAGR masks extended periods of no movement.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -17.2% | $21.15 (2022) | $12.00 (2025) |
| 5-Year | +8.4% | $8.00 (2020) | $12.00 (2025) |
| 10-Year | +6.3% | $6.50 (2015) | $12.00 (2025) |
Public Storage suits dividend investors who want moderate income from a large, tangible real asset business. The yield of 3.64% is classified as moderate (2-4%), and it currently sits below the 5-year average yield of 3.95%, meaning the stock is priced slightly richer than its recent historical norm. The payout ratio above 150% is the central trade-off: income investors get a $12.00 annual per-share payment backed by a massive self-storage portfolio, but earnings coverage is thin. PSA stock offers yield and real asset scale, with payout sustainability as the ongoing question.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-15 | $3.0000 |
| 2026-03-16 | $3.0000 |
| 2025-12-15 | $3.0000 |
| 2025-09-15 | $3.0000 |
| 2025-06-12 | $3.0000 |
| 2025-03-13 | $3.0000 |
| 2024-12-13 | $3.0000 |
| 2024-09-13 | $3.0000 |
| 2024-06-12 | $3.0000 |
| 2024-03-12 | $3.0000 |
| Year | Total Dividends |
|---|---|
| 2026 | $6.0000 |
| 2025 | $12.0000 |
| 2024 | $12.0000 |
| 2023 | $12.0000 |
| 2022 | $21.1500 |
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