Public Storage
PSAReal Estate · Stock · quarterly payer
Forward Yield
3.77%
Annual Dividend
$12.00
Payout Ratio
124%
5-Yr Growth
8.4%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Public Storage (PSA) yields 3.77% ($12.00 per share annually), with a blended fair-value estimate of $220.34 — -31% downside, so it screens as overvalued. Dividend safety grade: A (85/100).
Is PSA a good dividend stock?
YesPublic Storage (PSA) pays a quarterly dividend yielding 3.77% ($12.00/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Strong 8.4% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 1990
- Elevated payout ratio (124%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.77%
- Payout Ratio
- 124%
- Annual Dividend
- $12.00
- 5-Yr Avg Growth
- 8.4%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.95
- Market Cap
- $55.4B
- P/E Ratio
- 32.9
- 5-Yr Total Return
- -2%
- 52-Week Range
- $256.54 – $331.79
- Dividend Safety
- A · 85/100
- Ever Cut?
- Yes (1990)
Frequently Asked Questions
PSA Price — Last 12 Months
Daily close
Price Return
1 Year
+8%
3 Years
+15%
5 Years
-2%
52-Week Range
$256.54 – $331.79
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PSA worth?
Overvaluedlow confidenceOur blended fair-value estimate for Public Storage is $220.34 per share, versus a market price of $318.04. That implies 31% of downside.
Fair Value
$220.34
Current Price
$318.04
Downside
-31%
Margin of Safety
-44%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 9.1% discount rate (CAPM), 6.3% stage-1 growth, 2.5% terminal growth, $9.67 EPS, $12.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PSA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $3.0000 | regular |
| Mar 16, 2026 | — | $3.0000 | regular |
| Dec 15, 2025 | — | $3.0000 | regular |
| Sep 15, 2025 | — | $3.0000 | regular |
| Jun 12, 2025 | — | $3.0000 | regular |
| Mar 13, 2025 | — | $3.0000 | regular |
| Dec 13, 2024 | — | $3.0000 | regular |
| Sep 13, 2024 | — | $3.0000 | regular |
| Jun 12, 2024 | — | $3.0000 | regular |
| Mar 12, 2024 | — | $3.0000 | regular |
| Dec 12, 2023 | — | $3.0000 | regular |
| Sep 12, 2023 | — | $3.0000 | regular |
| Jun 13, 2023 | — | $3.0000 | regular |
| Mar 14, 2023 | — | $3.0000 | regular |
Income Calculator
At $12.00 / yr per share
