Public Storage's (PSA) Strong Dividend History Makes it a Key Retirement Dividend Stock

Public Storage (NYSE:PSA) is included among the 10 Best Dividend Stocks to Buy for Retirement.

Public Storage (NYSE:PSA) is a real estate investment trust (REIT) that focuses on acquiring, developing, owning, and managing self-storage properties. As of June 30, 2025, the company owned or operated 3,432 self-storage facilities across 40 US states, totaling around 250 million net rentable square feet.

In addition to its US operations, Public Storage (NYSE:PSA) also held a 35% equity stake in Shurgard Self Storage Limited, listed on Euronext Brussels. Shurgard owns 321 self-storage facilities across seven countries in Western Europe, representing roughly 18 million net rentable square feet, all operating under the Shurgard brand.

In the second quarter of 2025, Public Storage (NYSE:PSA) reported a strong cash position. The company ended the quarter with over $1.1 billion available in cash and cash equivalents, up from $447.4 million at the end of December 2024. Though the company does not hold any dividend growth streak, it has paid regular dividends to shareholders since 1996. PSA currently offers a quarterly dividend of $3.00 per share and has a dividend yield of 4.16%, as of July 30.

While we acknowledge the potential of PSA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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