Trailing Dividend / Share
$13.09
Public Storage (PSA) Dividend History
Income profile from 1985 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
4.1%
Payout Ratio
1.3%
Sustainable
Dividend Streak
0 years
PSA Dividend Income Check
Safety
1.3% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 5.4% and trend is rising.
PSA Dividend Scorecard
Yield & Income
Dividend Yield4.1%
Trailing DPS$13.09
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout1.3%
Earnings SafetySustainable
FCF Payout75.0%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak0 years
3Y CAGR-17.2%
5Y CAGR8.4%
Yield on Cost (5Y)5.4%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield4.1%
1Y Total Return13.5%
5Y Total Return29.1%
Div Contribution (5Y)22.5%
Estimated $10K growth (return + dividends):
5Y ago$12,91310Y ago$17,64120Y ago$63,185
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
PSA Income Growth Story
Dividend per share and yield on cost over time (42 years of payments)
PSA Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Public Storage distributes 1.3% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 75.0%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
PSA does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -17.2% and 5-year CAGR of 8.4%.
Total Shareholder Returns
Beyond cash dividends, PSA returns capital through share repurchases. The combined picture: 4.1% dividend yield, 4.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 5.4% and is currently rising. The 5-year total return is 29.1%, with dividends contributing 22.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $17,641 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
PSA Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$65.15
Avg/Payment$3.2575
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jun 15, 2026Latest | $3.0000 | — | 3.74% | Jun 30, 2026 |
| Mar 16, 2026 | $3.0000 | — | 4.14% | Mar 31, 2026 |
| Dec 15, 2025 | $3.0000 | — | 4.41% | Dec 30, 2025 |
| Sep 15, 2025 | $3.0000 | — | 4.19% | Sep 30, 2025 |
| Jun 12, 2025 | $3.0000 | — | 4.05% | Jun 27, 2025 |
| Mar 13, 2025 | $3.0000 | — | 4.10% | Mar 28, 2025 |
| Dec 13, 2024 | $3.0000 | — | 3.78% | Dec 30, 2024 |
| Sep 13, 2024 | $3.0000 | — | 3.34% | Sep 30, 2024 |
PSA Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
4.1%
#5 of 9
Safety
Sustainable
1.3% payout
Streak
0Y
8.4% 5Y CAGR
Total Shareholder
4.1%
#6 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| PSAPublic Storage | $55.8B | 4.1% | 1.3% | 0 | Sustainable |
 EXRExtra Space Storage … | $30.7B | 4.5% | 1.4% | 0 | Sustainable |
3rd  CUBECubeSmart | $9.3B | 5.1% | 1.4% | 1 | Sustainable |
2nd  NSANational Storage Aff… | $3.4B | 5.1% | 2.4% | 11 | Sustainable |
 SPGSimon Property Group… | $68.6B | 4.1% | 60.5% | 4 | Watch |
 PLDPrologis, Inc. | $134.6B | 2.8% | 1.1% | 12 | Sustainable |
 FRFirst Industrial Rea… | $8.2B | 2.8% | 93.4% | 12 | At Risk |
1st  REXRRexford Industrial R… | $7.9B | 5.4% | 1.9% | 13 | Sustainable |
 URIUnited Rentals, Inc. | $67.5B | 0.7% | 18.6% | 3 | Sustainable |
PSA Annual Dividend History (1985–2026)
42 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $6.00 | — | 2 | — | — | — | 2.7% |
| 2025 | $12.00 | 0.0% | 4 | $9.01 | 133.2% | 0.75x | 5.4% |
| 2024 | $12.00 | 0.0% | 4 | $10.64 | 112.8% | 0.89x | 5.4% |
| 2023 | $12.00 | -43.3% | 4 | $11.06 | 108.5% | 0.92x | 5.4% |
| 2022 | $21.15 | 164.4% | 5 | $23.50 | 90.0% | 1.11x | 9.6% |
| 2021 | $8.00 | 0.0% | 4 | $9.87 | 81.1% | 1.23x | 3.6% |
| 2020 | $8.00 | 0.0% | 4 | $6.29 | 127.2% | 0.79x | 3.6% |
| 2019 | $8.00 | 0.0% | 4 | $7.29 | 109.7% | 0.91x | 3.6% |
| 2018 | $8.00 | 0.0% | 4 | $9.82 | 81.5% | 1.23x | 3.6% |
| 2017 | $8.00 | 9.6% | 4 | $6.73 | 118.9% | 0.84x | 3.6% |
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into PSA consensus models and risk factors.
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
41+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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PSA — Frequently Asked Questions
Quick answers to the most common questions about buying PSA stock.
How much dividend does PSA pay per share?
Public Storage (PSA) pays a trailing 12-month dividend of $13.09 per share, with a current dividend yield of +4.1%. Payments are made Semi-Annual.
When is PSA's next ex-dividend date?
PSA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. PSA typically pays dividends Semi-Annual.
Is PSA's dividend safe?
PSA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.3% and FCF payout ratio of +75.0%. The dividend history does not yet show a prolonged growth streak.
How many years has PSA increased its dividend?
PSA has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +8.4%.
How often does PSA pay dividends?
Public Storage pays dividends Semi-Annual. The trailing 12-month total is $13.09 per share. Dividend data on this page covers 41+ years from 1985 to 2026.
How much would $10,000 invested in PSA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in PSA five years ago would be worth approximately $12,913 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is PSA's yield on cost for long-term holders?
PSA's yield on cost — the current dividend divided by the original purchase price — is +5.4% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +4.1% market yield, thanks to consistent dividend growth.