AMT vs MRP: Which Is the Better Dividend Stock?
As of Nov 9, 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. MRP offers the higher yield at 12.19%, AMT has the higher dividend-safety score, and MRP looks like the better value (its fair-value estimate is 150% above its share price).
Key facts: AMT vs MRP
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Millrose Properties, Inc. (MRP) has the higher forward dividend yield at 12.19%, versus 3.79% for American Tower Corporation (AMT).
- By SmarterDividends' count as of Nov 9, 2026, AMT has raised its dividend for 13 consecutive years and MRP for 0.
- As of Nov 9, 2026, AMT pays out 100% of its earnings as dividends and MRP pays out 102%.
- As of Nov 9, 2026, AMT's fair-value estimate is 43% below its share price and MRP's fair-value estimate is 150% above its share price, so MRP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs MRP: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/amt-vs-mrp
| Metric | AMT | MRP |
|---|---|---|
| Forward yield | 3.79% | 12.19% |
| Annual dividend | $7.16 | $3.16 |
| Payout ratio | 100% | 102% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | — |
| 5-yr total return | -28% | — |
| Dividend safety score | 73 (B) | — |
| Fair value estimate | $106.80 | $64.77 |
| Upside to fair value | -43% | +150% |
| Frequency | quarterly | quarterly |
| Market cap | $87.6B | $4.3B |
| P/E ratio | 26.6 | 8.6 |
Higher yield
MRP
12.19%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
MRP
+150% upside
AMT vs MRP — FAQ
Is AMT or MRP a better dividend stock?
On the data, AMT wins more head-to-head categories (3 vs 2). MRP offers the higher yield (12.19%), 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 MRP?
MRP has the higher forward dividend yield at 12.19%, versus 3.79% for AMT.
Is AMT or MRP safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Is AMT or MRP better value right now?
As of Nov 9, 2026, MRP looks like the better value: its fair-value estimate is 150% above its share price (undervalued). For AMT, its fair-value estimate is 43% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.