Public Storage dividend yield – Public Storage Announces Record 3.0 Cash Dividend

Dividends Yield

On March 1, 2023, Public Storage ($NYSE:PSA) announced a record 3.0 cash dividend. This impressive number has been made possible by their consistent dividend payments over the last three years, during which they have been distributing 8.00 USD per share. This has resulted in an average dividend yield of 2.39%. For those looking for stocks with dividend income, this could be a potential option – with the ex-dividend date on March 14, 2023.

This will be an excellent opportunity for investors to receive a regular dividend income that is higher than the market average. Public Storage has a proven track record of consistent and reliable dividends, so it may be worth considering for those looking to invest in stocks with dividend income.

Price History

Following the announcement, the stock opened at $295.9 and closed at $295.7, representing a decrease of 1.1% from the prior closing price of 299.0. The dividend provides a steady source of income for shareholders and is an indicator of the company’s financial health. It also signals the company’s confidence in its ability to generate sufficient cash flow to continue to reward shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Public Storage. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Public Storage. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Public Storage. More…

Key Ratios Snapshot

Some of the financial key ratios for Public Storage are shown below. More…

Analysis

GoodWhale has carried out an analysis of PUBLIC STORAGE‘s financials and the results indicate that the company is strong in asset, dividend, profitability, and medium in growth. We assigned PUBLIC STORAGE a high health score of 9/10 with regard to its cashflows and debt, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. This makes it a ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. Therefore, investors who are looking for steady and secure returns may be interested in 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 an excellent investment choice for those looking for a steady income stream. With a dividend yield of 2.39%, the company has paid out a consistent 8.00 USD dividend per share for the past three years. Investors can expect steady, predictable returns over the long term, making it a suitable pick for retirement portfolios and other long-term investment goals.

Public Storage’s strong balance sheet and stable earnings make it a safe stock to own and its low correlation to the broader market makes it less risky than other stocks. Furthermore, the company’s attractive valuations and good fundamentals suggest potential upside in the medium-term.