Public Storage dividend yield calculator – Public Storage Increases Dividend by 50% to $3.00/Share, Yield Reaches 3.89%
February 8, 2023
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Public Storage dividend yield calculator – Recently, Public Storage ($NYSE:PSA) announced a quarterly dividend of $3.00 per share, representing a 50% increase from its previous dividend of $2.00. This dividend has a forward yield of 3.89%, and is payable on March 30 to shareholders of record on March 15, with an ex-dividend date of March 14. The company’s current dividend yield of 3.89% is well above the average yield of other real estate investment trusts in the sector. Investors can find further details about Public Storage’s dividend policy, including its Dividend Scorecard, Yield Chart, and Dividend Growth, on the company’s website.
Public Storage’s strong balance sheet and steady cash flow are two factors that make the company attractive for dividend investors. This indicates that Public Storage has plenty of room to continue increasing its dividend in the future. Overall, Public Storage has demonstrated its commitment to providing shareholders with a steady stream of income by increasing its dividend by 50%, making it an attractive option for dividend investors. The company’s strong balance sheet and steady cash flow make it a safe bet for investors looking for income and long-term capital appreciation.
Dividends – Public Storage dividend yield calculator
This is exciting news for investors, as it increases the dividend yield to 3.89%. This yield is above the average of 2.35%, 2.9%, and 3.95% seen in the past three years and makes Public Storage a desirable option for those looking to invest in dividend stocks. Public Storage has been a reliable source of dividend income for many investors, offering annual dividend payments for the past three years. The recent increase in the dividend per share will make this an even more attractive investment opportunity. With a high yield, investors can expect to earn a steady return on their investment with minimal risk. In addition to this increase in dividends, Public Storage also offers a variety of services and products that make it an attractive option for many investors. These include self-storage facilities, vehicle storage, and business storage solutions. This versatility makes it possible for investors to diversify their investments and benefit from the company’s growth and stability. Investors who are keen to invest in dividend stocks should consider adding Public Storage to their list of potential investments. With its high dividend yield and reliable dividends, this stock is sure to offer a solid return on investment over the long term.
Additionally, the company’s services and products add to its appeal, making it a great choice for those looking for a diversified portfolio.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Public Storage. More…
| Total Revenues | Net Income | Net Margin |
| 4.02k | 4.34k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Public Storage. More…
| Operations | Investing | Financing |
| 2.87k | -5.56k | 3.5k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Public Storage. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.86k | 7.96k | 29.89 |
Key Ratios Snapshot
Some of the financial key ratios for Public Storage are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 50.2% |
| FCF Margin | ROE | ROA |
| – | – | – |
Price History
Public Storage has recently announced a 50% increase in its dividend, raising it to $3.00 per share. The news has been well-received in the media, with mostly positive sentiment. On Monday, Public Storage stock opened at $300.4 and closed at $307.8, slightly down 0.2% from the previous closing price of $308.5. This slight dip could be attributed to the overall market trend, as the stocks had been trading at an all-time high in the previous week. It is currently the largest self-storage operator in the country, making it a popular investment option for those seeking long-term, steady returns.
The increased dividend payment is a clear sign of the company’s financial strength and stability. Not only does it provide investors with additional income, but it also shows that Public Storage is confident in its ability to maintain its dividend payments even in volatile market conditions. Overall, it appears that investors are still mostly positive about the company’s prospects, as evidenced by the minimal impact on its stock price after the dividend announcement. With a dividend yield of nearly 4%, Public Storage is an attractive investment for those looking for a steady return. Live Quote…
Analysis
GoodWhale, a financial analysis tool, provides investors a comprehensive review of the company’s financials. After analyzing Public Storage’s financials, GoodWhale assigned the company a low risk rating. GoodWhale also detected two risk warnings in Public Storage’s balance sheet and financial journal. These warnings are indicative of certain risks present in the company’s financials. If you register with GoodWhale, you can have access to more detailed information about these risks and assess their impact on Public Storage’s performance. Overall, GoodWhale’s analysis of Public Storage’s financials indicates that the company is a low-risk investment. Investors should keep an eye on the two risk warnings detected by GoodWhale in order to make an informed decision when considering investing in Public Storage. More…
Peers
Public Storage is a real estate investment trust that invests in self-storage facilities. The company was founded in 1972 and is headquartered in Glendale, California. Public Storage has over 2,200 locations in the United States and Europe. The company’s competitors include Life Storage Inc, Extra Space Storage Inc, and National Storage Affiliates Trust.
– Life Storage Inc ($NYSE:LSI)
Life Storage Inc is a US based self storage company. As of December 31, 2020, it operated 969 self storage facilities across the United States. The company has a market capitalization of $8.69 billion as of February 2021.
– Extra Space Storage Inc ($NYSE:EXR)
Extra Space Storage is a real estate investment trust that owns and operates self-storage properties across the United States. As of December 31, 2020, the company had 1,871 self-storage properties located in 40 states, Washington, D.C., and Puerto Rico. Extra Space Storage is the second largest self-storage company in the United States with a market cap of $22.22 billion as of February 2021.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the United States. As of December 31, 2020, the Company owned and operated 783 self storage properties located in 38 states with approximately 54.3 million rentable square feet.
Summary
Public Storage is a real estate investment trust that provides self-storage services and facilities. The company recently increased its dividend by 50%, bringing the payout to $3.00 per share and the yield to 3.89%. This dividend increase was well-received by investors, as reflected in the positive media sentiment.
The company has a solid balance sheet and is well-positioned to grow in the future, with a focus on capital allocation and acquisitions. With its attractive dividend yield and potential for growth, Public Storage is an attractive option for income-seeking investors.
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