Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 4.07%.
YIELD ON COST (YOC)
4.07%
PSA now pays $12.00 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-09-06) | $224.37 | 5.35% |
| 5 years ago(2021-09-14) | $317.42 | 3.78% |
| 3 years ago(2023-09-05) | $271.19 | 4.42% |
| 1 year ago(2025-09-09) | $290.10 | 4.14% |
| Buying today(at $294.60) | $294.60 | 4.07% |
Projection: starting from today's 4.07% yield, assuming the dividend keeps compounding at 10.7% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
4.07%
In 3 years
5.52%
In 5 years
6.76%
In 10 years
11.22%
Try your own purchase price, dividend and growth rate for Public Storage (PSA).
Starting Yield
4.07%
Ending YOC
13.75%
Year 15 Dividend
$40.52
Cum. Dividends Recd.
$365.98
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $12.00 | N/A | 4.07% | $0.00 |
| Year 1 | $13.01 | +8.45% | 4.42% | $13.01 |
| Year 2 | $14.11 | +8.45% | 4.79% | $27.13 |
| Year 3 | $15.31 | +8.45% | 5.20% | $42.43 |
| Year 4 | $16.60 | +8.45% | 5.63% | $59.03 |
| Year 5 | $18.00 | +8.45% | 6.11% | $77.04 |
| Year 6 | $19.52 | +8.45% | 6.63% | $96.56 |
| Year 7 | $21.17 | +8.45% | 7.19% | $117.73 |
| Year 8 | $22.96 | +8.45% | 7.79% | $140.70 |
| Year 9 | $24.90 | +8.45% | 8.45% | $165.60 |
| Year 10 | $27.01 | +8.45% | 9.17% | $192.61 |
| Year 11 | $29.29 | +8.45% | 9.94% | $221.89 |
| Year 12 | $31.76 | +8.45% | 10.78% | $253.66 |
| Year 13 | $34.45 | +8.45% | 11.69% | $288.11 |
| Year 14 | $37.36 | +8.45% | 12.68% | $325.47 |
| Year 15 | $40.52 | +8.45% | 13.75% | $365.98 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
