Extra Space Storage As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
EXR $5.00 38.9% 0.0% 4.7%
Business yield Hike yrs 5 yr CAGR freq. paid since
Self Storage REIT 2.8% 11 9.9% Quarter 2004
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Extra Space Storage hikes dividend by 25%

Extra Space Storage Inc. (EXR) will raise its quarterly dividend by another 25 percent to $1.25 per share in Q3 of 2021. This follows a dividend hike of 11.1 percent to $1.00 per share earlier in 2021. The self-storage REIT has raised its dividend 11 consecutive years with an average dividend growth rate of 9.9 percent annually in the last five years.

The increased EXR dividend is payable on September 30, 2021 to stockholders of record at the close of business on September 15, 2021. A new annualized dividend rate of $5.00 per share yields 2,8% at Monday's closing stock price of $177.40.

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. Extra Space Storage has paid a dividend to shareholders every year since 2004.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 XRAY 0.7% 10.0%
Sep 23 SRE 3.4% 5.3%
Sep 23 FLS 2.3% 0.0%
Sep 23 MDT 2.0% 8.6%
Sep 23 RL 2.5% 0.0%
Sep 23 IFF 2.4% 2.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 AMT 1.8% 5.0%