PSA vs WELL: Which Is the Better Dividend Stock?
As of September 2026, PSA (Public Storage) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PSA offers the higher yield at 4.05%, PSA has the higher dividend-safety score, and PSA trades at the larger discount to fair value (-30%).
| Metric | PSA | WELL |
|---|---|---|
| Forward yield | 4.05% | 1.49% |
| Annual dividend | $12.00 | $3.40 |
| Payout ratio | 115% | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 8.4% | 0.9% |
| 5-yr total return | -11% | 185% |
| Dividend safety score | 85 (A) | 66 (B) |
| Fair value estimate | $207.06 | $93.23 |
| Upside to fair value | -30% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $55.4B | $167.7B |
| P/E ratio | 28.3 | 104.8 |
Higher yield
PSA
4.05%
Safer dividend
PSA
Grade A
Faster growth
PSA
8.4%
Better value
PSA
-30% upside
PSA vs WELL — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.