AMT vs BNL: Which Is the Better Dividend Stock?
As of Oct 18, 2026, AMT and BNL are closely matched. BNL offers the higher yield at 6.45%, AMT has the higher dividend-safety score, and BNL looks like the better value (its fair-value estimate is 22% above its share price).
Key facts: AMT vs BNL
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Broadstone Net Lease, Inc. (BNL) has the higher forward dividend yield at 6.45%, versus 3.86% for American Tower Corporation (AMT).
- As of Oct 18, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and BNL's B (70/100).
- By SmarterDividends' count as of Oct 18, 2026, AMT has raised its dividend for 13 consecutive years and BNL for 5.
- As of Oct 18, 2026, AMT pays out 96% of its earnings as dividends and BNL pays out 153%.
- As of Oct 18, 2026, AMT's fair-value estimate is 3% below its share price and BNL's fair-value estimate is 22% above its share price, so BNL looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs BNL: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/amt-vs-bnl
| Metric | AMT | BNL |
|---|---|---|
| Forward yield | 3.86% | 6.45% |
| Annual dividend | $7.16 | $1.17 |
| Payout ratio | 96% | 153% |
| Years of growth | 13 yr | 5 yr |
| 5-yr dividend growth | 8.5% | 8.5% |
| 5-yr total return | -29% | -27% |
| Dividend safety score | 73 (B) | 70 (B) |
| Fair value estimate | $180.18 | $22.05 |
| Upside to fair value | -3% | +22% |
| Frequency | quarterly | quarterly |
| Market cap | $86.3B | $3.9B |
| P/E ratio | 25.5 | 23.9 |
Higher yield
BNL
6.45%
Safer dividend
AMT
Grade B
Faster growth
BNL
8.5%
Better value
BNL
+22% upside
AMT vs BNL — FAQ
Is AMT or BNL a better dividend stock?
AMT and BNL are closely matched. BNL has the higher yield; AMT scores better on safety.
Which has a higher dividend yield, AMT or BNL?
BNL has the higher forward dividend yield at 6.45%, versus 3.86% for AMT.
Is AMT or BNL safer?
AMT has the higher dividend-safety score (73/100 vs 70/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or BNL better value right now?
As of Oct 18, 2026, BNL looks like the better value: its fair-value estimate is 22% above its share price (undervalued). For AMT, its fair-value estimate is 3% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.