AMT vs FCPT: Which Is the Better Dividend Stock?
As of Oct 18, 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. FCPT offers the higher yield at 6.90%, AMT has the higher dividend-safety score, and FCPT looks like the better value (its fair-value estimate is 6% above its share price).
Key facts: AMT vs FCPT
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Four Corners Property Trust, Inc. (FCPT) has the higher forward dividend yield at 6.90%, versus 3.86% for American Tower Corporation (AMT).
- As of Oct 18, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and FCPT's D (45/100).
- By SmarterDividends' count as of Oct 18, 2026, AMT has raised its dividend for 13 consecutive years and FCPT for 9.
- As of Oct 18, 2026, AMT pays out 96% of its earnings as dividends and FCPT pays out 132%.
- As of Oct 18, 2026, AMT's fair-value estimate is 3% below its share price and FCPT's fair-value estimate is 6% above its share price, so FCPT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs FCPT: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/amt-vs-fcpt
| Metric | AMT | FCPT |
|---|---|---|
| Forward yield | 3.86% | 6.90% |
| Annual dividend | $7.16 | $1.52 |
| Payout ratio | 96% | 132% |
| Years of growth | 13 yr | 9 yr |
| 5-yr dividend growth | 8.5% | 3.1% |
| 5-yr total return | -29% | -19% |
| Dividend safety score | 73 (B) | 45 (D) |
| Fair value estimate | $180.18 | $23.30 |
| Upside to fair value | -3% | +6% |
| Frequency | quarterly | monthly |
| Market cap | $86.3B | $2.4B |
| P/E ratio | 25.5 | 20.0 |
Higher yield
FCPT
6.90%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
FCPT
+6% upside
AMT vs FCPT — FAQ
Is AMT or FCPT a better dividend stock?
On the data, AMT wins more head-to-head categories (5 vs 3). FCPT offers the higher yield (6.90%), while AMT has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AMT or FCPT?
FCPT has the higher forward dividend yield at 6.90%, versus 3.86% for AMT.
Is AMT or FCPT safer?
AMT has the higher dividend-safety score (73/100 vs 45/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or FCPT better value right now?
As of Oct 18, 2026, FCPT looks like the better value: its fair-value estimate is 6% above its share price (fairly valued). For AMT, its fair-value estimate is 3% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.