Public Storage Surges to 360th in Daily Rankings with $487 Million Turnover

On April 9, 2025, Public Storage (PSA) saw a significant increase in trading volume, with a turnover of $487 million, marking a 33.5% rise from the previous day. This surge placed PSA at the 360th position in the daily stock market rankings, reflecting heightened investor interest. The stock price of Public Storage rose by 6.00%.

Public Storage has maintained a consistent dividend policy, offering an annual dividend of $12.00 per share, with a yield of 4.51%. The dividends are distributed quarterly, with the most recent ex-dividend date being in March. This steady income stream has been a key attraction for investors, providing a reliable return on investment.

On April 9, 2025, Mizuho initiated coverage of Public Storage's preferred stock (PSA.PRM) with a neutral recommendation. This move by Mizuho reflects a balanced outlook on the stock's potential, suggesting that while there are opportunities, investors should also be cautious about potential risks.

Public Storage recently announced the tax treatment of its 2024 dividends, providing clarity to shareholders on the tax implications of their dividend income. This transparency is crucial for investors, as it helps them plan their financial strategies more effectively.