Extra Space Storage Inc.
EXRReal Estate · Stock · quarterly payer
$145.87
Add to PortfolioForward Yield
4.44%
Annual Dividend
$6.48
Payout Ratio
146%
5-Yr Growth
12.5%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
EXR Dividend Safety Score
49/ 100
Grade D
Risky
Dividend-growth streak2 consecutive years of growth
Cut historyCut its dividend in 2023
Earnings payout coverage146% of earnings paid out
Balance-sheet strengthDebt/equity of 0.98
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is EXR a good dividend stock?
MixedExtra Space Storage Inc. (EXR) pays a quarterly dividend yielding 4.44% ($6.48/yr), with 15 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 15 consecutive years of dividend growth
- Strong 12.5% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (146%)
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 4.44%
- Payout Ratio
- 146%
- Annual Dividend
- $6.48
- 5-Yr Avg Growth
- 12.5%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 1.21
- Market Cap
- $32.2B
- P/E Ratio
- 32.8
- 5-Yr Total Return
- -11%
- 52-Week Range
- $125.71 – $155.19
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 16, 2026 | — | $1.6200 | regular |
| Dec 15, 2025 | — | $1.6200 | regular |
| Sep 15, 2025 | — | $1.6200 | regular |
| Jun 16, 2025 | — | $1.6200 | regular |
| Mar 14, 2025 | — | $1.6200 | regular |
| Dec 16, 2024 | — | $1.6200 | regular |
| Sep 16, 2024 | — | $1.6200 | regular |
| Jun 14, 2024 | — | $1.6200 | regular |
| Mar 14, 2024 | — | $1.6200 | regular |
| Dec 14, 2023 | — | $1.6200 | regular |
| Sep 14, 2023 | — | $0.6100 | regular |
| Jul 12, 2023 | — | $1.0100 | regular |
| Jun 14, 2023 | — | $1.6200 | regular |
| Mar 14, 2023 | — | $1.6200 | regular |
Income Calculator
At $6.48 / yr per share
Per payment (quarterly)$162.00
Annual$648.00
Monthly avg$54.00
