AMT vs FCPT: Which Is the Better Dividend Stock?
As of June 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. FCPT offers the higher yield at 5.73%, AMT has the higher dividend-safety score, and FCPT trades at the larger discount to fair value (+14%).
| Metric | AMT | FCPT |
|---|---|---|
| Forward yield | 3.98% | 5.73% |
| Annual dividend | $6.98 | $1.47 |
| Payout ratio | 82% | 130% |
| Years of growth | 13 yr | 9 yr |
| 5-yr dividend growth | 8.5% | 3.1% |
| 5-yr total return | -38% | -11% |
| Dividend safety score | 74 (B) | 74 (B) |
| Fair value estimate | $167.34 | $29.08 |
| Upside to fair value | -5% | +14% |
| Frequency | quarterly | quarterly |
| Market cap | $81.8B | $2.8B |
| P/E ratio | 28.3 | 23.0 |
Higher yield
FCPT
5.73%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
FCPT
+14% upside
AMT vs FCPT — FAQ
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