Extra Space Storage Inc. Announces 2nd Quarter 2024 Dividend

Rhea-AI Summary

Extra Space Storage announced a second quarter 2024 dividend of $1.62 per share on its common stock. The dividend will be paid on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. The announcement was made by the company's board of directors on May 24, 2024. The board's decision reflects a commitment to delivering shareholder value and maintaining a strong dividend payout policy.

Positive

• Announcement of a $1.62 per share dividend for Q2 2024.
• Dividend payout date set for June 28, 2024.
• Record date for dividend eligibility is June 14, 2024.
• Reflects the company's commitment to shareholder value.

Negative

• No mention of revenue figures or financial performance in the PR.
• Uncertain future dividend sustainability without financial context.

News Market Reaction – EXR

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-0.15% Session move

In the trading session that priced this news, EXR declined 0.15%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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SALT LAKE CITY, May 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a second quarter 2024 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. 

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 March 31, 2024, the Company owned and/or operated 3,793 self-storage properties, which comprise approximately 2.6 million units and approximately 290.0 million square feet of rentable storage space operating under the Extra Space, Life Storage and Storage Express brands. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

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

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SOURCE Extra Space Storage Inc.

FAQ

What is the dividend amount declared by Extra Space Storage for Q2 2024?

Extra Space Storage declared a second quarter 2024 dividend of $1.62 per share.

When will Extra Space Storage pay the Q2 2024 dividend?

The Q2 2024 dividend will be paid on June 28, 2024.

What is the record date for Extra Space Storage's Q2 2024 dividend?

The record date for the Q2 2024 dividend is June 14, 2024.

What is the stock symbol for Extra Space Storage?

The stock symbol for Extra Space Storage is EXR.