Extra Space Storage Inc. Announces 1st Quarter 2021 Dividend

Rhea-AI Summary

Extra Space Storage Inc. (EXR) announced a quarterly dividend of $1.00 per share for Q1 2021, reflecting an 11.1% increase from the previous quarter. This dividend is payable on March 31, 2021 to stockholders on record by March 15, 2021. The company, headquartered in Salt Lake City, operates 1,921 self-storage properties across the U.S. with approximately 1.4 million units available, making it the second largest self-storage provider in the country and the largest self-storage management company.

Positive

• Quarterly dividend increased by 11.1%, indicating strong financial health.
• Dividend of $1.00 per share boosts shareholder income.

Negative

• None.

SALT LAKE CITY, Feb. 18, 2021 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a quarterly dividend of $1.00 per share on the common stock of the Company for the first quarter 2021, an 11.1% increase from the previous quarter.  The dividend is payable on March 31, 2021 to stockholders of record at the close of business on March 15, 2021. 

About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500.  As of December 31, 2020, the Company owned and/or operated 1,921 self-storage properties, which comprise approximately 1.4 million units and approximately 149.2 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.  

For more information, please visit www.extraspace.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/extra-space-storage-inc-announces-1st-quarter-2021-dividend-301231380.html

SOURCE Extra Space Storage Inc.

FAQ

What is the dividend amount declared by Extra Space Storage in 2021?

Extra Space Storage declared a dividend of $1.00 per share for Q1 2021.

When will the dividend for Extra Space Storage be paid?

The dividend will be paid on March 31, 2021.

What is the record date for the dividend payment by Extra Space Storage?

The record date for the dividend payment is March 15, 2021.

How much has the dividend increased compared to the previous quarter?

The dividend has increased by 11.1% compared to the previous quarter.