PSA News and Press, Public Storage From 02/06/23

Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify U.S.-China relations on edge after spy balloon is shot down. Dell ( DELL ) to slash 6,650 jobs , ~5% of global workforce - report. After recent cuts, Tesla ( TSLA ) lifts Model Y pri...

Public Storage ( NYSE: PSA ) declares $3.00/share quarterly dividend , 50% increase from prior dividend of $2.00. Forward yield 3.89% Payable March 30; for shareholders of record March 15; ex-div March 14. See PSA Dividend Scorecard, Yield Chart, & Dividend G...

Public Storage ( NYSE: PSA ) made an unsolicited offer to buy rival Life Storage ( NYSE: LSI ) for $11 billion in an all stock deal. Under the proposed transaction, holders of Life Storage ( LSI ) would receive 0.4192 shares of Public Storage ( PSA ) of common stock fo...

Proposed Exchange Ratio of 0.4192 represents 19% VWAP premium; provides Life Storage shareholders with an immediate equity premium and ability to participate in enhanced growth, profitability, and value creation opportunities of the combined company Encourages Life Storage’s Board ...

Public Storage (NYSE:PSA) announced today that its Board of Trustees declared a 50% increase in the Company’s regular common quarterly dividend from $2.00 to $3.00 per share. The distribution equates to an annualized increase to the Company’s regular common dividend from $8.00 to $1...

Summary ICF paid quarterly dividends since its inception, generated low but consistent yield and was able to successfully generate strong returns over the long run. ICF invested only in 30 stocks and most of ICF’s equity holdings performed reasonably well during the past three mo...

Summary Despite a low yield, FREL has consistently generated high total returns over the long run. These returns are quite sustainable over the long run. Investors were waiting for readjustments in real estate values & interest rates, which have significantly been incorporated durin...

The stock market is off to a good start in 2023 with the S&P 500 already up 5%. But while some growth stocks are already rallying, there are many quality dividend stocks out there that still look undervalued. Three stocks that are trading near their lows and that could be good buys this y...

Summary This article compares LSI and CUBE as they share many similarities, including dividends, operating scale, etc. Demand for self-storage remains robust, but occupancy rates are ticking down, and the same-store sale growth rate is likely to slow down. LSI and CUBE retreated abo...

Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2022 earnings results after the market close on Tuesday, February 21, 2023. A conference call is scheduled for Wednesday, February 22, 2023, at 9:00 a.m. (PST) to discuss these results. Company Information ...