Public Storage (PSA) will raise it’s quarterly dividend to $2.00 per share.
The dividend is payable on December 29, 2016 to shareholders of record as of December 14, 2016.
Public Storage is a self-storage REIT with operations in the United States and Western Europe. The company also owns a 42% interest in PS Business Parks.
Based on Thursday’s closing price of $213,28 the new estimated dividend yield for Public Storage is 3.8%.