SmarterDividends

AMT vs CBL: Which Is the Better Dividend Stock?

As of September 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CBL offers the higher yield at 4.60%, AMT has the higher dividend-safety score, and AMT trades at the larger discount to fair value (-8%).

MetricAMTCBL
Forward yield4.01%4.60%
Annual dividend$6.98$2.50
Payout ratio96%28%
Years of growth13 yr3 yr
5-yr dividend growth8.5%
5-yr total return-38%75%
Dividend safety score72 (B)50 (C)
Fair value estimate$159.72$23.95
Upside to fair value-8%-56%
Frequencyquarterlyquarterly
Market cap$81.1B$1.7B
P/E ratio23.97.8

Higher yield

CBL

4.60%

Safer dividend

AMT

Grade B

Faster growth

AMT

8.5%

Better value

AMT

-8% upside

AMT vs CBL — FAQ

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