AMT vs NLCP: Which Is the Better Dividend Stock?
As of Oct 27, 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 12.25%, AMT has the higher dividend-safety score, and NLCP looks like the better value (its fair-value estimate is 120% above its share price).
Key facts: AMT vs NLCP
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NewLake Capital Partners, Inc. (NLCP) has the higher forward dividend yield at 12.25%, versus 3.80% for American Tower Corporation (AMT).
- As of Oct 27, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and NLCP's C (62/100).
- By SmarterDividends' count as of Oct 27, 2026, AMT has raised its dividend for 13 consecutive years and NLCP for 4.
- As of Oct 27, 2026, AMT pays out 96% of its earnings as dividends and NLCP pays out 146%.
- As of Oct 27, 2026, AMT's fair-value estimate is 4% below its share price and NLCP's fair-value estimate is 120% above its share price, so NLCP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs NLCP: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/amt-vs-nlcp
| Metric | AMT | NLCP |
|---|---|---|
| Forward yield | 3.80% | 12.25% |
| Annual dividend | $7.16 | $1.72 |
| Payout ratio | 96% | 146% |
| Years of growth | 13 yr | 4 yr |
| 5-yr dividend growth | 8.5% | — |
| 5-yr total return | -28% | -50% |
| Dividend safety score | 73 (B) | 62 (C) |
| Fair value estimate | $180.18 | $30.95 |
| Upside to fair value | -4% | +120% |
| Frequency | quarterly | quarterly |
| Market cap | $87.7B | $294.0M |
| P/E ratio | 25.9 | 11.9 |
Higher yield
NLCP
12.25%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
NLCP
+120% upside
AMT vs NLCP — FAQ
Is AMT or NLCP a better dividend stock?
On the data, AMT wins more head-to-head categories (5 vs 2). NLCP offers the higher yield (12.25%), 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 NLCP?
NLCP has the higher forward dividend yield at 12.25%, versus 3.80% for AMT.
Is AMT or NLCP safer?
AMT has the higher dividend-safety score (73/100 vs 62/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or NLCP better value right now?
As of Oct 27, 2026, NLCP looks like the better value: its fair-value estimate is 120% above its share price (undervalued). For AMT, its fair-value estimate is 4% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.