National Storage Affiliates Trust hikes dividend by 1.8%

National Storage Affiliates Trust (NSA) has announced a 1.8% dividend hike to 57 cents quarterly per share. This brings the dividend track record to 9 consecutive years of increases.

The next National Storage Affiliates Trust dividend is payable on December 31, 2024 to shareholders of record on December 13, 2024. The dividend yield is 5.3% at a stock price of $44. Last year NSA also hiked its dividend by 1.8%.

NSA stock is up 6.4% YTD in 2024

Other REITs announcing a dividend hike recently include Four Corners Property Trust and Regency Centers.

National Storage Affiliates Trust is a real estate investment trust focused on the ownership, operation and acquisition of self-storage properties located within metropolitan areas throughout the United States. The company owns and operates self storage properties located in the United States and Puerto Rico. The properties are managed with a local operational focus by NSA and its participating regional operators (PROs). National Storage went public in 2015 and has increased its dividend every year since. The company was co-founded by CEO Arlen D. Nordhagen in 1998 as SecurCare Self Storage.