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A Look at 11 High-Yield Financial S&P 500 Companies

PART:
1 2 3 4 5 6 7 8 9 10 11 12
Part 9
A Look at 11 High-Yield Financial S&P 500 Companies PART 9 OF 12

How Public Storage’s Dividend Yield Compares

Revenue and earnings

Public Storage (PSA) an industrial REIT, invests in US and European real estate markets. Tthe company’s revenue grew 9% and 8% in 2015 and 2016, respectively. The growth was driven by self-storage facilities and ancillary operations.

Its operating costs rose 2%–3% in 2015 and 2016, and its operating income rose 17% in 2015 and 12% in 2016. Its gains on the sale of assets were lower in 2016. These rises and falls led to 16% growth in its 2015 EPS (earnings per share) and 12% growth in its 2016 EPS. Also, the company’s FFO (funds from operations) grew impressively.

How Public Storage&#8217;s Dividend Yield Compares

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Revenue and EPS in 1H17

Public Storage’s revenue and operating costs rose 5% in 1H17, its interest expenses rose 4%, and its operating income grew 6%, resulting in 7% EPS growth. Its FFO grew 5% in 1H17.

Dividend

The company has consistently increased its dividend. It maintained a fixed high payout ratio between 2014 and 2016, and the ratio increased further between 1H16 and 1H17.

How Public Storage&#8217;s Dividend Yield Compares

Stock price

Public Storage stock was ahead of the PowerShares KBW Bank Portfolio ETF (KBWB) and the Shares Cohen & Steers REIT ETF (ICF) before their prices converged in 2017.

How Public Storage&#8217;s Dividend Yield Compares

The WisdomTree Dynamic Currency Hedged International Equity ETF (DDWM) offers a dividend yield of 2.9%, at a PE (price-to-earnings) ratio of 17.3x. It has major exposure to Europe, and a 22%, 12%, and 2% exposure to financials, industrials, and real estate, respectively. The SPDR S&P Emerging Markets Dividend ETF (EDIV) offers a dividend yield of 3.8%, at a PE ratio of 11.1x. It has major exposure to Asia, and a 22%, 7%, and 4% exposure to financials, real estate, and industrials, respectively.

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