AMT vs NLY-PG: Which Is the Better Dividend Stock?
As of August 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. NLY-PG offers the higher yield at 8.14%, AMT has the higher dividend-safety score, and NLY-PG trades at the larger discount to fair value (+23%).
| Metric | AMT | NLY-PG |
|---|---|---|
| Forward yield | 3.96% | 8.14% |
| Annual dividend | $6.98 | $2.08 |
| Payout ratio | 96% | — |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 6.2% |
| 5-yr total return | -34% | -0% |
| Dividend safety score | 72 (B) | 45 (D) |
| Fair value estimate | $159.85 | $31.37 |
| Upside to fair value | -9% | +23% |
| Frequency | quarterly | quarterly |
| Market cap | $82.1B | — |
| P/E ratio | 24.2 | 14.5 |
Higher yield
NLY-PG
8.14%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
NLY-PG
+23% upside
AMT vs NLY-PG — FAQ
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