Public Storage (PSA) closed fiscal year 2025 with 176 M shares outstanding and a dividend of 12.00 USD per share.
Public Storage (PSA) closed fiscal year 2025 with 176 M shares outstanding and a dividend of 12.00 USD per share. Over the year the share count rose by 91.9 k shares on a net basis, typically through stock-based compensation and options. Since 2008 the share count has grown by 4.3 %. The dividend per share was 12.00 USD, essentially flat year on year. Total dividends paid came to 2.30 B USD, spread over 4 payments. The series covers 19 fiscal years, from 2007 to 2025. Per-share amounts are stated in USD. Share counts and dividends come from as-reported SEC EDGAR filings, with no restatements or adjustments of our own.
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares outstanding, year-end | 168M | 168M | 169M | 170M | 171M | 172M | 172M | 173M | 173M | 174M | 174M | 174M | 175M | 175M | 175M | 176M | 175M | 176M |
| Shares issued — SBC/options | 0.00k | 126k | 847k | 986k | 1,149k | 388k | 669k | 476k | 368k | 565k | 278k | 288k | 163k | 553k | 131k | 405k | 0.00k | 91.9k |
| Shares issued (%) | 0.00 % | 0.07 % | 0.50 % | 0.58 % | 0.67 % | 0.23 % | 0.39 % | 0.28 % | 0.21 % | 0.32 % | 0.16 % | 0.16 % | 0.09 % | 0.32 % | 0.07 % | 0.23 % | 0.00 % | 0.05 % |
| Shares repurchased | -1,570k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | 0.00k | -262k | 0.00k |
| Shares repurchased (%) | -0.93 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | -0.15 % | 0.00 % |
| Net addition/reduction | -1,570k | 126k | 847k | 986k | 1,149k | 388k | 669k | 476k | 368k | 565k | 278k | 288k | 163k | 553k | 131k | 405k | -262k | 91.9k |
| Net addition/reduction (%) | -0.93 % | 0.07 % | 0.50 % | 0.58 % | 0.67 % | 0.23 % | 0.39 % | 0.28 % | 0.21 % | 0.32 % | 0.16 % | 0.16 % | 0.09 % | 0.32 % | 0.07 % | 0.23 % | -0.15 % | 0.05 % |
Fiscal year end: December
| 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend per share (DPS) | 2.80 | 2.20 | 3.05 | 3.65 | 4.40 | 5.15 | 5.60 | 6.50 | 7.30 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 21.15 | 12.00 | 12.00 | 12.00 |
| Payout Ratio (%) | 50.35 % | 44.54 % | 76.91 % | 75.42 % | 80.27 % | 84.29 % | 84.59 % | 85.87 % | 87.23 % | 96.66 % | — | 92.01 % | 103.08 % | 71.78 % | 52.88 % | 107.31 % | 111.10 % | 129.09 % |
| Number of payments | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 5.00 | 4.00 | 4.00 | 4.00 |
| Dividends paid (total) | 0.47B | 0.37B | 0.52B | 0.62B | 0.75B | 0.89B | 0.97B | 1.13B | 1.27B | 1.39B | — | 1.40B | 1.40B | 1.40B | 2.30B | 2.31B | 2.30B | 2.30B |
| Dividend Yield (%) | 3.75 % | 2.62 % | 3.00 % | 2.73 % | 3.07 % | 3.41 % | 2.98 % | 2.59 % | 3.34 % | 3.82 % | 3.96 % | 3.78 % | 3.49 % | 2.16 % | 7.61 % | 3.90 % | 4.03 % | 4.60 % |
Figures in USD
