Public Storage (PSA) Dividend History & Yield
Public Storage (PSA) has increased its dividend for multiple years and currently yields 4.28%. The most recent payment was $3.0000/share on Mar 16, 2026, paid Quarterly.
Current Yield
4.28%
TTM Dividend/Share
$12.00
Payment Frequency
Quarterly
Payout Ratio
129.1%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
0.00%
Div Growth (5Y CAGR)
8.45%
Div Growth (10Y CAGR)
6.32%
Dividend Safety Score
2 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 129.1%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($16.51) covers dividend/share ($12.00).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Mar 16, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.14%
Ex-date Dec 15, 2025
- Payment date
- Dec 30, 2025
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.41%
Ex-date Sep 15, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.19%
Ex-date Jun 12, 2025
- Payment date
- Jun 27, 2025
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.05%
Ex-date Mar 13, 2025
- Payment date
- Mar 28, 2025
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.10%
Ex-date Dec 13, 2024
- Payment date
- Dec 30, 2024
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 3.78%
Ex-date Sep 13, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 3.34%
Ex-date Jun 12, 2024
- Payment date
- Jun 27, 2024
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.35%
Ex-date Mar 12, 2024
- Payment date
- Mar 28, 2024
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.13%
Ex-date Dec 12, 2023
- Payment date
- Dec 28, 2023
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.40%
Ex-date Sep 12, 2023
- Payment date
- Sep 28, 2023
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 4.04%
Ex-date Jun 13, 2023
- Payment date
- Jun 29, 2023
- Dividend
- $3.0000
- Adj. dividend
- $3.0000
- Yield (ex-date)
- 8.12%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Mar 16, 2026 | Mar 31, 2026 | $3.0000 | $3.0000 | 4.14% |
| Dec 15, 2025 | Dec 30, 2025 | $3.0000 | $3.0000 | 4.41% |
| Sep 15, 2025 | Sep 30, 2025 | $3.0000 | $3.0000 | 4.19% |
| Jun 12, 2025 | Jun 27, 2025 | $3.0000 | $3.0000 | 4.05% |
| Mar 13, 2025 | Mar 28, 2025 | $3.0000 | $3.0000 | 4.10% |
| Dec 13, 2024 | Dec 30, 2024 | $3.0000 | $3.0000 | 3.78% |
| Sep 13, 2024 | Sep 30, 2024 | $3.0000 | $3.0000 | 3.34% |
| Jun 12, 2024 | Jun 27, 2024 | $3.0000 | $3.0000 | 4.35% |
| Mar 12, 2024 | Mar 28, 2024 | $3.0000 | $3.0000 | 4.13% |
| Dec 12, 2023 | Dec 28, 2023 | $3.0000 | $3.0000 | 4.40% |
| Sep 12, 2023 | Sep 28, 2023 | $3.0000 | $3.0000 | 4.04% |
| Jun 13, 2023 | Jun 29, 2023 | $3.0000 | $3.0000 | 8.12% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 19 year-over-year increases across 41 calendar years of data (1985–2025).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $12.0000 | — | — |
| 2025 | $12.0000 | $12.0000 | 0.0% |
| 2024 | $12.0000 | $12.0000 | 0.0% |
| 2023 | $21.1500 | $12.0000 | -43.3% |
| 2022 | $8.0000 | $21.1500 | +164.4% |
| 2021 | $8.0000 | $8.0000 | 0.0% |
| 2020 | $8.0000 | $8.0000 | 0.0% |
| 2019 | $8.0000 | $8.0000 | 0.0% |
| 2018 | $8.0000 | $8.0000 | 0.0% |
| 2017 | $7.3000 | $8.0000 | +9.6% |
| 2016 | $6.5000 | $7.3000 | +12.3% |
| 2015 | $5.6000 | $6.5000 | +16.1% |
| 2014 | $5.1500 | $5.6000 | +8.7% |
| 2013 | $4.4000 | $5.1500 | +17.0% |
| 2012 | $3.6500 | $4.4000 | +20.5% |
| 2011 | $3.0500 | $3.6500 | +19.7% |
| 2010 | $2.2000 | $3.0500 | +38.6% |
| 2009 | $2.8000 | $2.2000 | -21.4% |
| 2008 | $2.0000 | $2.8000 | +40.0% |
| 2007 | $2.0000 | $2.0000 | 0.0% |
| 2006 | $1.9000 | $2.0000 | +5.3% |
| 2005 | $1.8000 | $1.9000 | +5.6% |
| 2004 | $1.8000 | $1.8000 | 0.0% |
| 2003 | $1.8000 | $1.8000 | 0.0% |
| 2002 | $1.6900 | $1.8000 | +6.5% |
| 2001 | $1.4800 | $1.6900 | +14.2% |
| 2000 | $1.5000 | $1.4800 | -1.3% |
| 1999 | $0.8800 | $1.5000 | +70.5% |
| 1998 | $0.8800 | $0.8800 | 0.0% |
| 1997 | $0.8800 | $0.8800 | 0.0% |
| 1996 | $1.1100 | $0.8800 | -20.7% |
| 1995 | $0.8500 | $1.1100 | +30.6% |
| 1994 | $0.8400 | $0.8500 | +1.2% |
| 1993 | $0.8400 | $0.8400 | 0.0% |
| 1992 | $0.8200 | $0.8400 | +2.4% |
| 1991 | $0.6500 | $0.8200 | +26.2% |
| 1990 | $1.4000 | $0.6500 | -53.6% |
| 1989 | $1.4000 | $1.4000 | 0.0% |
| 1988 | $1.4000 | $1.4000 | 0.0% |
| 1987 | $1.6600 | $1.4000 | -15.7% |
| 1986 | $1.8800 | $1.6600 | -11.7% |
| 1985 | — | $1.8800 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Public Storage pay dividends?
- Yes, Public Storage (PSA) pays quarterly dividends of approximately $12.00 per share annually, yielding 4.28%.
What is Public Storage's dividend yield?
- Public Storage (PSA) has a current dividend yield of 4.28%.
Is Public Storage's dividend safe?
- Public Storage (PSA) passes 2 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Public Storage increased its dividend?
- Public Storage (PSA) has 0 consecutive years of dividend increases.
What is Public Storage's dividend payout ratio?
- Public Storage (PSA) has a dividend payout ratio of 129.1%.