08-31-2023
| USD/share | |
| Price | 128.68 |
| Dividend | 4.04 |
| Earnings | 4.36 |
| Cash-flow | 5.88 |
| Book value | 15.50 |
| Equity | 15.09 |
Extra Space Storage is part of Real Estate Investment Trusts business, which is part of Financials industry. Extra Space Storage is a company from USA, and his stocks are publicly traded.
Extra Space Storage stock dividend
Extra Space Storage paid a total dividend of 852 million USD last year, for a market value of 27,151 millions (Market Cap 26,861 millions). Extra Space Storage dividend per share is 4.04 USD, and his stock market price 128.68 USD.
According to the chart below, where dividend yield is displayed, Extra Space Storage has a dividend yield of 3.14%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Financials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
In addition, you should compare Extra Space Storage stocks dividend with other Real Estate Investment Trusts companies or other of the highest USA dividend stocks list.
Extra Space Storage Dividend Payout
About the ability of Extra Space Storage to maintain his current dividend of USD 4.04 per share, an amount that accounts for 3.14%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Extra Space Storage payout on ernings is currently 92.66%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Extra Space Storage can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Extra Space Storage is USD 5.88 per share, which is higher than the dividend per share paid by the company of USD 4.04, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Extra Space Storage, compared againt world market average, USA companies, Financials industry and Real Estate Investment Trusts sector companies.
Extra Space Storage Dividend History
Below you will find a table with the historical evolution of Extra Space Storage's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
| Year | Yield | USD | Paypout | Shares* |
| Present | 3.14% | 4.04 | 92.66% | 211 |
| 2022 | 4.08% | 6.00 | 92.59% | 134 |
| 2021 | 2.21% | 5.01 | 138.78% | 134 |
| 2020 | 3.11% | 3.60 | 103.75% | 129 |
| 2019 | 3.41% | 3.60 | 110.09% | 130 |
| 2018 | 3.80% | 3.44 | 85.15% | 126 |
| 2017 | 3.57% | 3.12 | 101.63% | 126 |
| 2016 | 4.45% | 3.12 | 186.83% | 125 |
*In millions
Extra Space Storage Stock performance
Finally, last moth Extra Space Storage showed a return of -7.80% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -35.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Real Estate Investment Trusts firms.
