LONDON, UK / ACCESSWIRE / September 11, 2017 / Pro-Trader Daily takes a closer look at Public Storage (NYSE: PSA) as the Company's stock will begin trading ex-dividend on September 12, 2017. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of trading session on September 11, 2017. Are you looking for research on dividend stocks? If so, register with us now for your free membership at:

http://protraderdaily.com/register/

Today, PRO-TD covers ex-dividend news on PSA. Get our free coverage by signing up at:

http://protraderdaily.com/optin/?symbol=PSA

On July 26, 2017, Public Storage's Board of Trustees declared a regular common quarterly dividend of $2.00 per common share. The dividend is payable on September 28, 2017 to shareholders of record as of September 13, 2017.

Public Storage's indicated dividend represents a yield of 3.73%, which is substantially higher compared to the average dividend yield of 3.25% for the Financial sector. The Company has raised its dividend for seven consecutive years.

Dividend Insights

Public Storage has a dividend payout ratio of 78.0%, which means that the Company distributes approximately $0.74 for every $1.00 earned. The dividend payout ratio reflects how much amount a Company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Public Storage is forecasted to report earnings of $7.82 for the next year compared to the Company's annualized dividend of $8.00. Public Storage is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges. Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the Companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales, which provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the quarter ended June 30, 2017, Public Storage's net income allocable to common shareholders was $276.7 million, or $1.59 per diluted common share, compared to $280.8 million, or $1.61, in 2016. While for the three months ended June 30, 2017, the Company's FFO was $2.31 per diluted common share, compared to $2.34 in 2016, which should sufficiently cover its dividend payout.

As of June 30, 2017, Public Storage's cash and cash equivalents totaled $358.27 million, compared to $183.69 million at December 31, 2017. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Public Storage

On September 4, 2017, Public Storage announced that all 115 properties previously closed due to severe weather conditions related to Hurricane Harvey have been reopened. These properties cover 8.4 million net rentable square feet and over 77,500 units in the Houston and surrounding areas.

In addition, Public Storage announced the opening of its 116th facility in Houston, located at US-290 and Mueschke Road in Cypress, Texas. This property is a 2,064 unit three-story state of the art climate-controlled storage facility with 194,000 net rentable square feet.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. The Company's headquarters are located in Glendale, California. At June 30, 2017, Public Storage had interests in 2,358 self-storage facilities located in 38 states with approximately 156 million net rentable square feet in the United States and 220 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the "Shurgard" brand.

Stock Performance

On Friday, September 08, 2017, the stock closed the trading session at $218.31, climbing 1.88% from its previous closing price of $214.28. A total volume of 1.32 million shares have exchanged hands, which was higher than the 3-month average volume of 858.58 thousand shares. Public Storage's stock price advanced 8.68% in the last one month and 5.18% in the past three months. The stock is trading at a PE ratio of 31.14 and has a dividend yield of 3.66%. The stock currently has a market cap of $38.10 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily