Public Storage (NYSE:PSA) Plans $3.00 Quarterly Dividend

Public Storage (NYSE:PSA – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Tuesday, September 15th will be paid a dividend of 3.00 per share by the real estate investment trust on Tuesday, October 6th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Public Storage has increased its dividend payment by an average of 0.1%annually over the last three years. Public Storage has a dividend payout ratio of 113.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Public Storage to earn $17.43 per share next year, which means the company should continue to be able to cover its $12.00 annual dividend with an expected future payout ratio of 68.8%.

Get Public Storage alerts:

Public Storage Trading Up 0.6%

Public Storage stock traded up $1.63 during mid-day trading on Friday, hitting $296.23. 683,136 shares of the company’s stock were exchanged, compared to its average volume of 713,208. The company’s 50 day simple moving average is $317.90 and its 200-day simple moving average is $307.70. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $52.02 billion, a P/E ratio of 28.27, a PEG ratio of 4.03 and a beta of 0.95. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55.

Public Storage (NYSE:PSA – Get Free Report) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm earned $4.28 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, equities analysts anticipate that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Company Profile

(Get Free Report)

Public Storage is a real estate investment trust that owns, operates and develops self-storage facilities in the United States. The company provides customers with storage units for household goods, business inventory, vehicles and other personal or commercial belongings.

Its facilities offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, electronic gate access and online account management. Public Storage also provides related services, including tenant insurance options and moving and packing supplies at select locations.

Founded in 1972 and headquartered in Glendale, California, Public Storage serves customers through a nationwide network of self-storage properties.

Featured Articles

• Five stocks we like better than Public Storage
• As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
• Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
• Copper’s Record Rally Highlights a Deeper Supply Problem
• Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with MarketBeat.com's FREE daily email newsletter.