Public Storage (NYSE:PSA) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 2.00 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 3.67 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Public Storage recently reported second quarter financial results on August 5, 2020, after market close, real estate investment trust came out with income for the second quarter of $ 2.46 per share, from the revenue of $ 664.54 million. The quarterly earnings boosted 21.88 percent while revenues compared with the same quarter last year.
Wall street analysts are predicting revenue of $ 707.82 million The bottom line results street analysts by $ 0.51 or , at the same time, top line results fell short of analysts by $ 43.28 million or 6.11 percent.
Stock Performance
Shares of Public Storage traded up $ 1.42 or 0.66 percent on Thursday, reaching $ 218.14 with volume of 747.70 thousand shares. Public Storage has traded high as $ 219.51 and has cracked $ 213.77 on the downward trend
According to the previous trading day, closing price of $ 218.14, representing a 39.49 % increase from the 52 week low of $ 155.37 and a 14.64 % decrease over the 52 week high of $ 253.89.
The company has a market capital of $ 38.13 billion and is part of the Real Estate sector and REIT – Industrial industry.
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At March 31, 2019, we had: (i) interests in 2,444 self-storage facilities located in 38 states with approximately 164 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 231 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at March 31, 2019.
