AMT vs NLCP: Which Is the Better Dividend Stock?
As of September 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NLCP offers the higher yield at 11.15%, AMT has the higher dividend-safety score, and NLCP trades at the larger discount to fair value (+96%).
| Metric | AMT | NLCP |
|---|---|---|
| Forward yield | 4.04% | 11.15% |
| Annual dividend | $6.98 | $1.72 |
| Payout ratio | 96% | 146% |
| Years of growth | 13 yr | 4 yr |
| 5-yr dividend growth | 8.5% | — |
| 5-yr total return | -33% | -49% |
| Dividend safety score | 72 (B) | 60 (C) |
| Fair value estimate | $159.72 | $31.05 |
| Upside to fair value | -9% | +96% |
| Frequency | quarterly | quarterly |
| Market cap | $82.9B | $316.8M |
| P/E ratio | 23.8 | 13.0 |
Higher yield
NLCP
11.15%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
NLCP
+96% upside
AMT vs NLCP — FAQ
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