Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
Extra Space Storage Dividend Announcement
• Extra Space Storage announced a quarterly dividend of $1.62 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-16
• Extra Space Storage annual dividend for 2024 was $6.48
• Extra Space Storage annual dividend for 2023 was $6.48
• Extra Space Storage's trailing twelve-month (TTM) dividend yield is 3.07%
• Extra Space Storage's payout ratio for the trailing twelve months (TTM) is 169.98%
• Extra Space Storage's dividend growth over the last five years (2018-2023) was 14.04% year
• Extra Space Storage's dividend growth over the last ten years (2013-2023) was 16.15% year
Extra Space Storage Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-16 | $1.62 | quarterly | 2024-12-31 |
2024-09-16 | $1.62 | quarterly | 2024-09-30 |
2024-06-14 | $1.62 | quarterly | 2024-06-28 |
2024-03-14 | $1.62 | quarterly | 2024-03-29 |
2023-12-14 | $1.62 | quarterly | 2023-12-29 |
2023-09-14 | $0.61 | quarterly | 2023-09-29 |
2023-07-12 | $1.01 | quarterly | 2023-07-19 |
2023-06-14 | $1.62 | quarterly | 2023-06-30 |
2023-03-14 | $1.62 | quarterly | 2023-03-31 |
2022-12-13 | $1.50 | quarterly | 2022-12-30 |
2022-09-14 | $1.50 | quarterly | 2022-09-30 |
2022-06-14 | $1.50 | quarterly | 2022-06-30 |
2022-03-14 | $1.50 | quarterly | 2022-03-31 |
2021-12-14 | $1.25 | quarterly | 2021-12-31 |
2021-09-14 | $1.25 | quarterly | 2021-09-30 |
2021-06-14 | $1.00 | quarterly | 2021-06-30 |
2021-03-12 | $1.00 | quarterly | 2021-03-31 |
2020-12-14 | $0.90 | quarterly | 2020-12-31 |
2020-09-14 | $0.90 | quarterly | 2020-09-30 |
2020-06-12 | $0.90 | quarterly | 2020-06-30 |
2020-03-13 | $0.90 | quarterly | 2020-03-31 |
2019-12-13 | $0.90 | quarterly | 2019-12-31 |
2019-09-13 | $0.90 | quarterly | 2019-09-30 |
2019-06-13 | $0.90 | quarterly | 2019-06-28 |
2019-03-14 | $0.86 | quarterly | 2019-03-29 |
2018-12-13 | $0.86 | quarterly | 2018-12-31 |
2018-09-13 | $0.86 | quarterly | 2018-09-28 |
2018-06-14 | $0.86 | quarterly | 2018-06-29 |
2018-03-14 | $0.78 | quarterly | 2018-03-29 |
2017-12-14 | $0.78 | quarterly | 2017-12-29 |
2017-09-14 | $0.78 | quarterly | 2017-09-29 |
2017-06-13 | $0.78 | quarterly | 2017-06-30 |
2017-03-13 | $0.78 | quarterly | 2017-03-31 |
2016-12-15 | $0.78 | quarterly | 2016-12-30 |
2016-09-13 | $0.78 | quarterly | 2016-09-30 |
2016-06-13 | $0.78 | quarterly | 2016-06-30 |
2016-03-11 | $0.59 | quarterly | 2016-03-31 |
2015-12-11 | $0.59 | quarterly | 2015-12-31 |
2015-09-11 | $0.59 | quarterly | 2015-09-30 |
2015-06-11 | $0.59 | quarterly | 2015-06-30 |
2015-03-12 | $0.47 | quarterly | 2015-03-31 |
2014-12-11 | $0.47 | quarterly | 2014-12-31 |
2014-09-11 | $0.47 | quarterly | 2014-09-30 |
2014-06-11 | $0.47 | quarterly | 2014-06-30 |
2014-03-12 | $0.40 | quarterly | 2014-03-28 |
2013-12-11 | $0.40 | quarterly | 2013-12-31 |
2013-09-12 | $0.40 | quarterly | 2013-09-30 |
2013-06-12 | $0.40 | quarterly | 2013-06-28 |
2013-03-13 | $0.25 | quarterly | 2013-03-29 |
Extra Space Storage Dividend per year
Extra Space Storage Dividend growth
Extra Space Storage Dividend Yield
Extra Space Storage current trailing twelve-month (TTM) dividend yield is 3.07%. Interested in purchasing Extra Space Storage stock? Use our calculator to estimate your expected dividend yield:
Extra Space Storage Financial Ratios
Extra Space Storage Dividend FAQ
Other factors to consider when evaluating Extra Space Storage as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Extra Space Storage's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Extra Space Storage publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Extra Space Storage distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Extra Space Storage are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Extra Space Storage sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Extra Space Storage distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Extra Space Storage declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Extra Space Storage's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Extra Space Storage's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.