AMT vs PSA: Which Is the Better Dividend Stock?
As of Nov 9, 2026, AMT and PSA are closely matched. AMT offers the higher yield at 3.79%, PSA has the higher dividend-safety score, and PSA looks like the better value (its fair-value estimate is 9% below its share price).
Key facts: AMT vs PSA
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, American Tower Corporation (AMT) has the higher forward dividend yield at 3.79%, versus 3.56% for Public Storage (PSA).
- As of Nov 9, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and PSA's A (87/100).
- By SmarterDividends' count as of Nov 9, 2026, AMT has raised its dividend for 13 consecutive years and PSA for 0.
- As of Nov 9, 2026, AMT pays out 100% of its earnings as dividends and PSA pays out 126%.
- As of Nov 9, 2026, AMT's fair-value estimate is 43% below its share price and PSA's fair-value estimate is 9% below its share price, so PSA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs PSA: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/amt-vs-psa
| Metric | AMT | PSA |
|---|---|---|
| Forward yield | 3.79% | 3.56% |
| Annual dividend | $7.16 | $12.00 |
| Payout ratio | 100% | 126% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 8.4% |
| 5-yr total return | -28% | 3% |
| Dividend safety score | 73 (B) | 87 (A) |
| Fair value estimate | $106.80 | $305.62 |
| Upside to fair value | -43% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $87.6B | $63.1B |
| P/E ratio | 26.6 | 35.5 |
Higher yield
AMT
3.79%
Safer dividend
PSA
Grade A
Faster growth
AMT
8.5%
Better value
PSA
-9% upside
AMT vs PSA — FAQ
Is AMT or PSA a better dividend stock?
AMT and PSA are closely matched. AMT has the higher yield; PSA scores better on safety.
Which has a higher dividend yield, AMT or PSA?
AMT has the higher forward dividend yield at 3.79%, versus 3.56% for PSA.
Is AMT or PSA safer?
PSA has the higher dividend-safety score (87/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or PSA better value right now?
As of Nov 9, 2026, PSA looks like the better value: its fair-value estimate is 9% below its share price (fairly valued). For AMT, its fair-value estimate is 43% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.