Public Storage
PSAPublic Storage (PSA) is a Real Estate company that currently yields 3.74% — 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 30.0% downside to reach the Weiss buy zone
Undervaluation starts near $224.47, where the annual dividend would imply roughly 5.35% yield. That is 1.60% above today's yield.
Buy-zone price
$224.47
Target yield
5.35%
Research checklist
What to clear before buying the yield
Updated Jul 9, 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
2026-07-08 → 2026-07-09
Price
-2.4%$328.69 → $320.77
Price fell 2.4% since the prior snapshot.
Quality score
+545/100 → 50/100
Quality score improved by 5 points.
Why Now?
Public Storage is trading at a fair valuation relative to its dividend history.
Current yield 3.7% vs historical max 5.3% (70% 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
$406
Year 10 Income
$1,382
Yield on Cost
14.98%
Total Income
$7,872
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
Track actual vs. projected
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Dividend income log · Yield on cost · DRIP cost basis · Tax reports
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗Track dividends received & tax reports
Sharesight ↗PSA Dividend Quality Score
Quality Score
Average
Key Metrics
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In-depth analysis
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