Extra Space Storage's last quarterly dividend was on Sep 14, 2023 (ex-date) with a distribution of $0.61 per share. On an annualized basis, the company has a current payout of $4.86 per share. This brings the dividend yield to 4% based on its recent close price. The latest dividend marks a decrease of $0.4, or 40% from the previous dividend.
Extra Space Storage's dividend yield of 4% is below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 7%, Extra Space Storage's dividend yield is 43% lower. The current dividend yield is above the historical average of 3.3% of the last 5 years.
Extra Space Storage has been paying dividends since 2004. EXR has issued five quarterly dividends in the last twelve months. The annualized DPS marks a decrease of 15% since one year ago. But with the stock price down by 30% from a year ago, the dividend yield marks an increase of 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 14, 2023 | Sep 29, 2023 | Aug 18, 2023 | $0.61 | normal |
| Jul 12, 2023 | Jul 19, 2023 | Jul 3, 2023 | $1.01 | normal |
| Jun 14, 2023 | Jun 30, 2023 | May 26, 2023 | $1.62 | normal |
| Mar 14, 2023 | Mar 31, 2023 | Feb 16, 2023 | $1.62 | normal |
| Dec 13, 2022 | Dec 30, 2022 | Nov 21, 2022 | $1.5 | normal |
| Sep 14, 2022 | Sep 30, 2022 | Aug 19, 2022 | $1.5 | normal |
| Jun 14, 2022 | Jun 30, 2022 | May 26, 2022 | $1.5 | normal |
| Mar 14, 2022 | Mar 31, 2022 | Feb 16, 2022 | $1.5 | normal |
| Dec 14, 2021 | Dec 31, 2021 | Nov 22, 2021 | $1.25 | normal |
| Sep 14, 2021 | Sep 30, 2021 | Aug 23, 2021 | $1.25 | normal |
| Jun 14, 2021 | Jun 30, 2021 | May 27, 2021 | $1 | normal |
| Mar 12, 2021 | Mar 31, 2021 | Feb 18, 2021 | $1 | normal |
| Dec 14, 2020 | Dec 31, 2020 | Nov 12, 2020 | $0.9 | normal |
| Sep 14, 2020 | Sep 30, 2020 | Aug 21, 2020 | $0.9 | normal |
| Jun 12, 2020 | Jun 30, 2020 | May 15, 2020 | $0.9 | normal |
| Mar 13, 2020 | Mar 31, 2020 | Feb 13, 2020 | $0.9 | normal |
| Dec 13, 2019 | Dec 31, 2019 | Nov 11, 2019 | $0.9 | normal |
| Sep 13, 2019 | Sep 30, 2019 | Aug 26, 2019 | $0.9 | normal |
| Jun 13, 2019 | Jun 28, 2019 | May 23, 2019 | $0.9 | normal |
| Mar 14, 2019 | Mar 29, 2019 | Feb 14, 2019 | $0.86 | normal |
| Dec 13, 2018 | Dec 31, 2018 | Nov 13, 2018 | $0.86 | normal |
| Sep 13, 2018 | Sep 28, 2018 | Aug 24, 2018 | $0.86 | normal |
| Jun 14, 2018 | Jun 29, 2018 | May 24, 2018 | $0.86 | normal |
| Mar 14, 2018 | Mar 29, 2018 | Feb 15, 2018 | $0.78 | normal |
| Dec 14, 2017 | Dec 29, 2017 | Nov 10, 2017 | $0.78 | normal |
| Sep 14, 2017 | Sep 29, 2017 | Aug 25, 2017 | $0.78 | normal |
| Jun 13, 2017 | Jun 30, 2017 | May 22, 2017 | $0.78 | normal |
| Mar 13, 2017 | Mar 31, 2017 | Feb 16, 2017 | $0.78 | normal |
| Dec 15, 2016 | Dec 30, 2016 | Dec 8, 2016 | $0.78 | normal |
| Sep 13, 2016 | Sep 30, 2016 | Aug 29, 2016 | $0.78 | normal |
| Jun 13, 2016 | Jun 30, 2016 | May 25, 2016 | $0.78 | normal |
| Mar 11, 2016 | Mar 31, 2016 | Feb 24, 2016 | $0.59 | normal |
| Dec 11, 2015 | Dec 31, 2015 | Nov 13, 2015 | $0.59 | normal |
| Sep 11, 2015 | Sep 30, 2015 | Aug 28, 2015 | $0.59 | normal |
Extra Space Storage's payout ratio of 79.3% is below the Real Estate sector and the industry average. Compared to its Real Estate sector average of 128.6%, Extra Space Storage's payout ratio is 38% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BXMT Blackstone Mortgage Trust Inc | 11.75% | $2.48 | 156% |
| BXP Boston Properties Inc | 6.85% | $3.92 | 92.2% |
| EXR Extra Space Storage Inc | 4.07% | $4.86 | 79.3% |
Yes, Extra Space Storage has paid five dividends in the last 12 months. EXR has been paying dividends since 2004.
EXR hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in December 2023.
Extra Space Storage's last regular dividend was on Sep 14, 2023 (ex-date) with the amount of $0.61 per share.
EXR has paid dividend of $4.86 per share in the last year.
Extra Space Storage's current dividend yield is 4%.
Extra Space Storage pays four dividends per year.
The dividend payout ratio of Extra Space Storage is 79.3%.
Extra Space Storage's dividend yield is below the Real Estate sector average.