Extra Space Storage Inc. (EXR) will raise its quarterly dividend by 4.7 percent to $0.90 per share in 2019. Last year the self-storage REIT hiked its dividend by 8 cents to 86 cents quarterly.
The dividend is payable on June 28, 2019 to stockholders of record at the close of business on June 14, 2019. A new annualized dividend rate of $3.60 per share yields 3.4% at Friday's closing stock price of $106.98.
Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. EXR is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.