SmarterDividends

DLR vs PSA: Which Is the Better Dividend Stock?

As of July 2026, PSA (Public Storage) screens as the stronger dividend stock, winning 5 of 6 head-to-head metrics. PSA offers the higher yield at 3.77%, DLR has the higher dividend-safety score, and PSA trades at the larger discount to fair value (-31%).

MetricDLRPSA
Forward yield2.81%3.77%
Annual dividend$4.88$12.00
Payout ratio129%124%
Years of growth0 yr0 yr
5-yr dividend growth1.7%8.4%
5-yr total return6%-2%
Dividend safety score85 (A)85 (A)
Fair value estimate$105.10$220.34
Upside to fair value-40%-31%
Frequencyquarterlyquarterly
Market cap$66.3B$55.4B
P/E ratio46.132.9

Higher yield

PSA

3.77%

Safer dividend

DLR

Grade A

Faster growth

PSA

8.4%

Better value

PSA

-31% upside

DLR vs PSA — FAQ

See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.