National Storage Affiliates Trust
NSAReal Estate · Stock · quarterly payer
Forward Yield
5.12%
Annual Dividend
$2.28
Payout Ratio
304%
5-Yr Growth
11.1%
Ex-Date
Jul 21, 2026
Frequency
Quarterly
Summary
As of July 2026, National Storage Affiliates Trust (NSA) yields 5.12% ($2.28 per share annually), with a blended fair-value estimate of $27.05 — -39% downside, so it screens as overvalued. Dividend safety grade: B (75/100). 10 years of dividend growth.
Is NSA a good dividend stock?
YesNational Storage Affiliates Trust (NSA) pays a quarterly dividend yielding 5.12% ($2.28/yr), with 10 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 10 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 11.1% 5-yr dividend growth
Risks
- Elevated payout ratio (304%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 5.12%
- Payout Ratio
- 304%
- Annual Dividend
- $2.28
- 5-Yr Avg Growth
- 11.1%
- Ex-Dividend Date
- Jul 21, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 1.06
- Market Cap
- $6.6B
- P/E Ratio
- 59.3
- 5-Yr Total Return
- -22%
- 52-Week Range
- $27.43 – $46.47
- Dividend Safety
- B · 75/100
- Ever Cut?
- No
Frequently Asked Questions
NSA Price — Last 12 Months
Daily close
Price Return
1 Year
+38%
3 Years
+32%
5 Years
-22%
52-Week Range
$27.43 – $46.47
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NSA worth?
Overvaluedlow confidenceOur blended fair-value estimate for National Storage Affiliates Trust is $27.05 per share, versus a market price of $44.50. That implies 39% of downside.
Fair Value
$27.05
Current Price
$44.50
Downside
-39%
Margin of Safety
-65%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.6% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.75 EPS, $2.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NSA Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $0.5700 | regular |
| Mar 13, 2026 | — | $0.5700 | regular |
| Dec 15, 2025 | — | $0.5700 | regular |
| Sep 15, 2025 | — | $0.5700 | regular |
| Jun 13, 2025 | — | $0.5700 | regular |
| Mar 14, 2025 | — | $0.5700 | regular |
| Dec 13, 2024 | — | $0.5700 | regular |
| Sep 13, 2024 | — | $0.5600 | regular |
| Jun 14, 2024 | — | $0.5600 | regular |
| Mar 14, 2024 | — | $0.5600 | regular |
| Dec 14, 2023 | — | $0.5600 | regular |
| Sep 14, 2023 | — | $0.5600 | regular |
| Jun 14, 2023 | — | $0.5600 | regular |
| Mar 14, 2023 | — | $0.5500 | regular |
Income Calculator
At $2.28 / yr per share
