PLD vs PSA: Which Is the Better Dividend Stock?
As of Nov 9, 2026, PSA (Public Storage) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PSA offers the higher yield at 3.56%, 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: PLD vs PSA
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Public Storage (PSA) has the higher forward dividend yield at 3.56%, versus 3.37% for Prologis, Inc. (PLD).
- As of Nov 9, 2026, SmarterDividends grades PLD's dividend safety B (78/100) and PSA's A (87/100).
- By SmarterDividends' count as of Nov 9, 2026, PLD has raised its dividend for 12 consecutive years and PSA for 0.
- As of Nov 9, 2026, PLD pays out 93% of its earnings as dividends and PSA pays out 126%.
- As of Nov 9, 2026, PLD's fair-value estimate is 64% 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, "PLD vs PSA: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/pld-vs-psa
| Metric | PLD | PSA |
|---|---|---|
| Forward yield | 3.37% | 3.56% |
| Annual dividend | $4.28 | $12.00 |
| Payout ratio | 93% | 126% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 11.7% | 8.4% |
| 5-yr total return | -16% | 3% |
| Dividend safety score | 78 (B) | 87 (A) |
| Fair value estimate | $46.30 | $305.62 |
| Upside to fair value | -64% | -9% |
| Frequency | quarterly | quarterly |
| Market cap | $123.4B | $63.1B |
| P/E ratio | 28.0 | 35.5 |
Higher yield
PSA
3.56%
Safer dividend
PSA
Grade A
Faster growth
PLD
11.7%
Better value
PSA
-9% upside
PLD vs PSA — FAQ
Is PLD or PSA a better dividend stock?
On the data, PSA wins more head-to-head categories (5 vs 3). PSA offers the higher yield (3.56%), while PSA has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, PLD or PSA?
PSA has the higher forward dividend yield at 3.56%, versus 3.37% for PLD.
Is PLD or PSA safer?
PSA has the higher dividend-safety score (87/100 vs 78/100), reflecting stronger payout coverage and dividend-growth history.
Is PLD 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 PLD, its fair-value estimate is 64% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.