PSA vs WELL: Which Is the Better Dividend Stock?
As of Nov 9, 2026, PSA (Public Storage) screens as the stronger dividend stock, winning 6 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: PSA vs WELL
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Public Storage (PSA) has the higher forward dividend yield at 3.56%, versus 1.39% for Welltower Inc. (WELL).
- As of Nov 9, 2026, SmarterDividends grades PSA's dividend safety A (87/100) and WELL's B (66/100).
- By SmarterDividends' count as of Nov 9, 2026, PSA has raised its dividend for 0 consecutive years and WELL for 2.
- As of Nov 9, 2026, PSA pays out 126% of its earnings as dividends and WELL pays out 130%.
- As of Nov 9, 2026, PSA's fair-value estimate is 9% below its share price and WELL's fair-value estimate is 62% below its share price, so PSA looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PSA vs WELL: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/psa-vs-well
| Metric | PSA | WELL |
|---|---|---|
| Forward yield | 3.56% | 1.39% |
| Annual dividend | $12.00 | $3.40 |
| Payout ratio | 126% | 130% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 8.4% | 0.9% |
| 5-yr total return | 3% | 208% |
| Dividend safety score | 87 (A) | 66 (B) |
| Fair value estimate | $305.62 | $93.33 |
| Upside to fair value | -9% | -62% |
| Frequency | quarterly | quarterly |
| Market cap | $63.1B | $179.7B |
| P/E ratio | 35.5 | 103.8 |
Higher yield
PSA
3.56%
Safer dividend
PSA
Grade A
Faster growth
PSA
8.4%
Better value
PSA
-9% upside
PSA vs WELL — FAQ
Is PSA or WELL a better dividend stock?
On the data, PSA wins more head-to-head categories (6 vs 2). 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, PSA or WELL?
PSA has the higher forward dividend yield at 3.56%, versus 1.39% for WELL.
Is PSA or WELL safer?
PSA has the higher dividend-safety score (87/100 vs 66/100), reflecting stronger payout coverage and dividend-growth history.
Is PSA or WELL 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 WELL, its fair-value estimate is 62% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.