National Storage Affiliates Trust (NYSE:NSA) Plans $0.57 Quarterly Dividend

National Storage Affiliates Trust (NYSE:NSAGet Free Report) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, March 13th will be given a dividend of 0.57 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, March 13th.

National Storage Affiliates Trust has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. National Storage Affiliates Trust has a payout ratio of 268.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect National Storage Affiliates Trust to earn $2.40 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.0%.

National Storage Affiliates Trust Stock Down 0.9%

Shares of NYSE NSA opened at $33.14 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market capitalization of $2.55 billion, a PE ratio of 54.33 and a beta of 1.19. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $40.62. The business’s fifty day moving average price is $30.64 and its 200-day moving average price is $30.59.

National Storage Affiliates Trust Company Profile

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National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.

Further Reading

Dividend History for National Storage Affiliates Trust (NYSE:NSA)

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