Analysis – Public Storage Increases Dividend by 6%

PSA

Public Storage announced a regular quarterly dividend of $1.8, a 6 percent increase from the prior rate of $1.7 per share. The dividend will be paid at the new higher rate on June 30, 2016, to shareholders of record at close of business on June 15, 2016. Public Storage is a member of the Top 100 dividend growth candidates.

Date Quarterly Dividend
6/15/2016 1.8
3/14/2016 1.7
9/11/2015 1.7
6/11/2015 1.7
3/12/2015 1.4
12/11/2014 1.4
9/11/2014 1.4
6/11/2014 1.4
3/12/2014 1.4
12/11/2013 1.4
9/11/2013 1.25
6/10/2013 1.25
3/11/2013 1.25
12/10/2012 1.1
9/10/2012 1.1
6/11/2012 1.1
3/12/2012 1.1
12/12/2011 0.95
9/12/2011 0.95
6/13/2011 0.95
3/11/2011 0.8
12/13/2010 0.8
9/13/2010 0.8
6/11/2010 0.8
3/11/2010 0.65

Analysis of Valuation of Public Storage (Symbol PSA).

Public Storage is trading at the top of its average price/book  value (P/BV) range.  Public Storage is trading at its average historical dividend yield. 

Price 5/2/16 % Yield 5 Year Div. Growth Rate  BV   2016 P/BV Ratio 10 yr P/BV  Low 10 yr P/BV  High 5 yr max Yield % 5 yr lowest Yield %
$252.57 2.94% 6% 31.45 7.89 1.39 7.89 3.43% 2.46%

Public Storage Dividend Yield Chart (Click to enlarge)

PSA

Explanation:  Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks.  Max P/BV price target is based upon company reaching its highest historical P/BV ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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