Public Storage (PSA) Reports Q1 FFO of $1.28, Raises Dividend 18.75% to $0.95
Public Storage (NYSE: PSA) reported Q1 adjusted FFO of $1.28, $0.05 under the analyst estimate of $1.33. Revenue for the quarter came in at $362.94 million versus the consensus estimate of $387.91 million.
The company declared a regular common dividend of $0.95 per common share, representing an increase of $0.15 per share, or an 18.75% increase, from the previous quarter’s distribution. The dividends are payable on June 30, 2011, to shareholders of record as of June 15, 2011. The ex-dividend date is June 13 and the yield is 3.3%.
The Board also declared dividends with respect to our various series of preferred shares.
The company declared a regular common dividend of $0.95 per common share, representing an increase of $0.15 per share, or an 18.75% increase, from the previous quarter’s distribution. The dividends are payable on June 30, 2011, to shareholders of record as of June 15, 2011. The ex-dividend date is June 13 and the yield is 3.3%.
The Board also declared dividends with respect to our various series of preferred shares.