PSA vs WELL: Which Is the Better Dividend Stock?
As of July 2026, PSA (Public Storage) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PSA offers the higher yield at 3.77%, PSA has the higher dividend-safety score, and PSA trades at the larger discount to fair value (-31%).
| Metric | PSA | WELL |
|---|---|---|
| Forward yield | 3.77% | 1.22% |
| Annual dividend | $12.00 | $2.96 |
| Payout ratio | 124% | 140% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | 8.4% | 0.9% |
| 5-yr total return | -2% | 178% |
| Dividend safety score | 85 (A) | 63 (C) |
| Fair value estimate | $220.34 | $80.94 |
| Upside to fair value | -31% | -67% |
| Frequency | quarterly | quarterly |
| Market cap | $55.4B | $172.8B |
| P/E ratio | 32.9 | 117.7 |
Higher yield
PSA
3.77%
Safer dividend
PSA
Grade A
Faster growth
PSA
8.4%
Better value
PSA
-31% upside
PSA vs WELL — FAQ
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