AAT vs AMT: Which Is the Better Dividend Stock?
As of September 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. AAT offers the higher yield at 6.20%, AMT has the higher dividend-safety score, and AAT trades at the larger discount to fair value (-4%).
| Metric | AAT | AMT |
|---|---|---|
| Forward yield | 6.20% | 4.01% |
| Annual dividend | $1.36 | $6.98 |
| Payout ratio | 453% | 96% |
| Years of growth | 5 yr | 13 yr |
| 5-yr dividend growth | 6.3% | 8.5% |
| 5-yr total return | -42% | -38% |
| Dividend safety score | 56 (C) | 72 (B) |
| Fair value estimate | $21.07 | $159.72 |
| Upside to fair value | -4% | -8% |
| Frequency | quarterly | quarterly |
| Market cap | $1.7B | $81.4B |
| P/E ratio | 73.3 | 24.0 |
Higher yield
AAT
6.20%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
AAT
-4% upside
AAT vs AMT — FAQ
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