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Active-Investors: Ex-Dividend Alert: Public Storage Has a Dividend Yield of 4.04%; Will Trade Ex-Dividend on March 13, 2018

LONDON, UK / ACCESSWIRE / March 12, 2018 / Active-Investors has a free review on Public Storage (NYSE: PSA) following the Company's announcement that it will begin trading ex-dividend on March 13, 2018. 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 the trading session on March 12, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PSA:

www.active-investors.com/registration-sg/'symbol=PSA

If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:

www.active-investors.com/registration-sg

Dividend Declared

On February 20, 2018, Public Storage's Board of Trustees declared a regular common quarterly dividend of $2.00 per common share. The dividend is payable on March 29, 2018, to shareholders of record as of March 14, 2018.

Public Storage's indicated dividend represents a yield of 4.04%, which is considerably higher than the average dividend yield of 3.78% for the Financial sector. The Company has raised dividend for eight years in a row.

Dividend Insights

Public Storage has a dividend payout ratio of 75.9%, which denotes that the Company distributes approximately $0.76 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 $7.78 per share for the next year compared to the Company's annualized dividend of $8.00 per share. One of the primary reasons for the difference between earnings and annualized dividend is that 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 then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the quarter ended December 31, 2017, Public Storage's net income allocable to common shareholders was $334.1 million, or $1.92 per diluted common share, compared to $352.8 million, or $2.03 in Q4 2016.

On the other hand, for the three months ended December 31, 2017, Public Storage's FFO was $2.70 per diluted common share compared to $2.77 in the year ago same period. Public Storage's FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for Public Storage

On February 20, 2018, Public Storage announced a number of key senior management changes as part of its succession planning program.

Effective January 01, 2019, Joe Russell will be appointed Public Storage's Chief Executive Officer, in addition to his role as President. Mr. Russell will also join the Board as trustee on the same date. Ron Havner, the Company's CEO since 2002 and officer since 1986, will remain as Chairman of the Board.

Also, effective January 01, 2019, Tom Boyle will be appointed Public Storage's Chief Financial Officer. On the same date, John Reyes, the Company's CFO since 1996 and officer since 1990, will be appointed to the Board of Trustees.

About Public Storage

Public Storage is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. The Company's headquarters are located in Glendale, California. At December 31, 2017, Public Storage had interests in 2,386 self-storage facilities located in 38 states with approximately 159 million net rentable square feet in the United States and 222 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the "Shurgard" brand.

Stock Performance Snapshot

March 09, 2018 - At Friday's closing bell, Public Storage's stock was slightly up 0.08%, ending the trading session at $199.96.

Volume traded for the day: 884.05 thousand shares.

Stock performance in the last month - up 7.88%

After last Friday's close, Public Storage's market cap was at $34.78 billion.

Price to Earnings (P/E) ratio was at 29.72.

The stock has a dividend yield of 4.00%.

The stock is part of the Financial sector, categorized under the REIT - Industrial industry. This sector was up 1.8% at the end of the session.

Active-Investors:

Active-Investors (A-I) 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. A-I 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.

A-I 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 info@active-investors.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 A-I. A-I 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

A-I, 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. A-I, 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, A-I, 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 A-I 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://active-investors.com/legal-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: info@active-investors.com

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SOURCE: Active-Investors

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