PSA Dividend History & Analysis | 4.2% Yield

PSA has a dividend yield of 4.2% and paid 12 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 4.18%
Payout Ratio 1.6%
Growth Rate CAGR 5y 10.67%
Consistency Lifetime 94.4%
Yield on Cost 5y 6.40%
Payout FCF 92.3%
Streak Years 41
Dividend Rating 73.05%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -1.3%
Total Return 5y: 53%

Top Dividend Payers in Specialized REITs

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
MRP 4,959 M 8.87% 12.7%
EPR 4,130 M 6.62% 12.1%
GLPI 12,529 M 6.70% 9.84%
NSA 4,736 M 7.06% 7.89%
OUT 4,092 M 6.45% 7.52%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
OUT 4,092 M 56.5% 76.4%
SAFE 1,012 M 33.9% 53.3%
EPR 4,130 M 23.8% 94.9%
SBAC 19,144 M 17.6% 100%
FPI 506 M 21.8% 87.4%

PSA Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-15 2025-12-15 2025-12-30 Quarterly 3 0% 1.09%
2025-09-15 2025-09-15 2025-09-30 Quarterly 3 0% 1.03%
2025-06-12 2025-06-12 2025-06-27 Quarterly 3 0% 1.01%
2025-03-13 2025-03-13 2025-03-28 Quarterly 3 0% 1%
2024-12-13 2024-12-13 2024-12-30 Quarterly 3 0% 0.95%
2024-09-13 2024-09-13 2024-09-30 Quarterly 3 0% 0.84%
2024-06-12 2024-06-12 2024-06-27 Quarterly 3 0% 1.08%
2024-03-12 2024-03-13 2024-03-28 Quarterly 3 0% 1.04%
2023-12-12 2023-12-13 2023-12-28 Quarterly 3 0% 1.1%
2023-09-12 2023-09-13 2023-09-28 Quarterly 3 0% 1.1%
2023-06-13 2023-06-14 2023-06-29 Quarterly 3 0% 1.06%
2023-03-14 2023-03-15 2023-03-30 Quarterly 3 50% 1.03%
2022-12-13 2022-12-14 2022-12-29 Quarterly 2 0% 0.65%
2022-09-13 2022-09-14 2022-09-29 Quarterly 2 -84.8% 0.6%
2022-07-29 2022-08-01 2022-08-04 Other 13.15 557.5% 4.06%
2022-06-14 2022-06-15 2022-06-30 Quarterly 2 0% 0.68%
2022-03-15 2022-03-16 2022-03-31 Quarterly 2 0% 0.55%
2021-12-14 2021-12-15 2021-12-30 Quarterly 2 0% 0.56%
2021-09-14 2021-09-15 2021-09-30 Quarterly 2 0% 0.62%
2021-06-14 2021-06-15 2021-06-30 Quarterly 2 0% 0.68%
2021-03-15 2021-03-16 2021-03-31 Quarterly 2 0% 0.83%
2020-12-14 2020-12-15 2020-12-30 Quarterly 2 0% N/A
2020-09-14 2020-09-15 2020-09-30 Quarterly 2 0% N/A
2020-06-12 2020-06-15 2020-06-30 Quarterly 2 0% N/A
2020-03-13 2020-03-16 2020-03-31 Quarterly 2 0% N/A
2019-12-12 2019-12-13 2019-12-30 Quarterly 2 0% N/A
2019-09-11 2019-09-12 2019-09-27 Quarterly 2 0% N/A
2019-06-11 2019-06-12 2019-06-27 Quarterly 2 0% N/A
2019-03-12 2019-03-13 2019-03-28 Quarterly 2 0% N/A
2018-12-11 2018-12-12 2018-12-27 Quarterly 2 0% N/A
2018-09-11 2018-09-12 2018-09-27 Quarterly 2 0% N/A
2018-06-12 2018-06-13 2018-06-28 Quarterly 2 0% N/A
2018-03-13 2018-03-14 2018-03-29 Quarterly 2 0% N/A
2017-12-12 2017-12-13 2017-12-28 Quarterly 2 0% N/A
2017-09-12 2017-09-13 2017-09-28 Quarterly 2 0% N/A
2017-06-12 2017-06-14 2017-06-29 Quarterly 2 0% N/A
2017-03-13 2017-03-15 2017-03-30 Quarterly 2 0% N/A
2016-12-12 2016-12-14 2016-12-29 Quarterly 2 11.1% N/A
2016-09-12 2016-09-14 2016-09-29 Quarterly 1.8 0% N/A
2016-06-13 2016-06-15 2016-06-30 Quarterly 1.8 5.9% N/A
2016-03-14 2016-03-16 2016-03-31 Quarterly 1.7 0% N/A
2015-12-11 2015-12-15 2015-12-30 Quarterly 1.7 0% N/A
2015-09-11 2015-09-15 2015-09-30 Quarterly 1.7 0% N/A
2015-06-11 2015-06-15 2015-06-30 Quarterly 1.7 21.4% N/A
2015-03-12 2015-03-16 2015-03-31 Quarterly 1.4 0% N/A
2014-12-11 2014-12-15 2014-12-30 Quarterly 1.4 0% N/A
2014-09-11 2014-09-15 2014-09-30 Quarterly 1.4 0% N/A
2014-06-11 2014-06-13 2014-06-30 Quarterly 1.4 0% N/A
2014-03-12 2014-03-14 2014-03-31 Quarterly 1.4 0% N/A
2013-12-11 2013-12-13 2013-12-30 Quarterly 1.4 0% N/A

PSA Dividend FAQ

Public Storage (NYSE: PSA) is an S&P 500 REIT that acquires, develops, owns, and operates self-storage facilities. As of September 30 2025 the company owned or operated 3,491 U.S. sites (≈254 million net rentable square feet) across 40 states and held a 35 % equity stake in Shurgard Self Storage, which runs 323 facilities (≈18 million square feet) in seven Western European countries.

What is the Dividend Yield of PSA?

As of February 2026, PSA`s dividend yield is 4.18%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 12.0 USD by the current share price of 287.00.

Does PSA pay a dividend?

As of February 2026, PSA paid a dividend of 12.00 USD in the last 12 months. The last dividend was paid on 2025-12-15 and the payout was 3 USD.

How often does PSA pay dividends?

PSA pays dividends quarterly. Over the last 12 months, PSA has issued 4 dividend payments. The last dividend payment was made on 2025-12-15.

PSA dividend forecast

Based on historical data, the forecasted dividends per share for PSA for the next 4 payments are between 3.18 (+6.0%) and 3.492 (+16.4%).
This represents a strong dividend growth compared to the last payment.

Will PSA pay dividends in 2026?

The latest dividend paid per share was 3 USD with an Ex-Dividend Date of 2025-12-15. The next Ex-Dividend date for Public Storage (PSA) is currently unknown.

What is the next Ex-Dividend Date for PSA?

The next Ex-Dividend date for Public Storage (PSA) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of PSA?

PSA's average dividend growth rate over the past 5 years is 10.7% per year.
Strong growth: PSA's Dividend growth is outpacing inflation.

What is the Yield on Cost of PSA?

PSA's 5-Year Yield on Cost is 6.40%. If you bought PSA's shares at 187.59 USD five years ago, your current annual dividend income (12.0 USD per share, trailing 12 months) equals 6.40% of your original purchase price.

What is the Payout Consistency of PSA?

PSA Payout Consistency is 94.4%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Very consistent: Public Storage has a strong track record of consistent dividend payments over its lifetime.

Does PSA have a good Dividend Yield?

PSA`s 4.18% Dividend Yield is considered as good. Make sure the dividend is sustainable: Check the Payouts-Ratio over time.

What is the Dividend Payout Ratio of PSA?

The Dividend Payout Ratio of PSA is 1.6%. Very low - Often a strong indicator of potential dividend growth.

What is the Dividend Rating of PSA?

PSA`s Overall Dividend Rating is 73.05%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

PSA Outstanding Shares Analysis

What is the Trend in PSA's Outstanding Shares?

Public Storage's outstanding shares have increased by approximately 0.06% annually over the past 3 years (Trend Reliability: 33.3%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has PSA ever had a Stock Split?

Yes, the last stock split was on Aug 14, 2023 with a ratio of 1:1.

This was a reverse split: Multiple shares were consolidated into fewer shares, increasing the price per share. This is sometimes used to meet exchange listing requirements and can be a warning sign if the company is struggling.

Year Number of Shares Annual Growth Rate
1985 6,571,400
1986 10,000,000 +52.17%
1987 10,400,000 +4%
1988 10,740,700 +3.28%
1989 10,833,300 +0.86%
1990 14,000,000 +29.23%
1991 15,000,000 +7.14%
1992 17,315,000 +15.43%
1993 23,688,000 +36.81%
1994 32,838,000 +38.63%
1995 71,250,000 +116.97%
1996 93,041,000 +30.58%
1997 119,582,000 +28.53%
1998 128,780,800 +7.69%
1999 132,781,000 +3.11%
2000 128,114,000 -3.51%
2001 121,946,000 -4.81%
2002 124,078,000 +1.75%
2003 127,182,000 +2.5%
2004 128,586,000 +1.1%
2005 128,122,000 -0.36%
2006 169,229,000 +32.08%
2007 168,586,000 -0.38%
2008 168,312,000 -0.16%
2009 168,477,000 +0.1%
2010 169,014,000 +0.32%
2011 171,383,000 +1.4%
2012 171,982,000 +0.35%
2013 172,798,000 +0.47%
2014 173,258,000 +0.27%
2015 173,759,000 +0.29%
2016 173,812,000 +0.03%
2017 174,218,000 +0.23%
2018 174,466,000 +0.14%
2019 174,590,000 +0.07%
2020 174,749,000 +0.09%
2021 176,079,000 +0.76%
2022 176,144,000 +0.04%
2023 175,670,700 -0.27%
2024 175,934,000 +0.15%
2025 175,884,000 -0.03%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:21