Public Storage
PSAPublic Storage (PSA) is a Real Estate company that currently yields 3.93% — trading near fair value based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $224.47 and the overvaluation threshold at $391.47. Public Storage holds a quality score of 50/100 (Average), reflecting 2 consecutive years of dividend growth with a 124% payout ratio. The 5-year dividend CAGR stands at 8.4%.
PSA Dividend Yield History — Weiss Valuation
Distance to undervalued
Waiting for a better entry
Needs about 26.5% downside to reach the Weiss buy zone
Undervaluation starts near $224.47, where the annual dividend would imply roughly 5.35% yield. That is 1.41% above today's yield.
Buy-zone price
$224.47
Target yield
5.35%
Research checklist
What to clear before buying the yield
Updated May 25, 2026
Dividend durability
14YLong dividend history supports a deeper look.
Earnings payout
124%Coverage deserves a closer look in filings.
Cash payout
90%Confirm cash conversion and one-off effects.
Dividend growth
8.4%Recent growth adds income compounding potential.
What changed
What changed since the last update
2026-05-23 → 2026-05-25
No major change in signal, yield, price, quality, or payout since the last update.
Why Now?
Public Storage is trading at a fair valuation relative to its dividend history.
Current yield 3.9% vs historical max 5.3% (74% of maximum).
14 consecutive years without a dividend cut.
Elevated payout ratio of 124%.
What matters now
Read the signal before the headline yield
Valuation is neutral here: quality has to do more of the work than entry price.
The 50/100 quality score says the headline yield needs extra skepticism.
The earnings payout ratio is above 100%, so coverage is the first risk to unpack.
PSA Dividend Income Projection — DRIP Compounder
Dividend Compounder (DRIP)
Year 1 Income
$426
Year 10 Income
$1,489
Yield on Cost
16.2%
Total Income
$8,391
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗PSA Dividend Quality Score
Quality Score
Average
Key Metrics
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In-depth analysis
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