AMT vs NNN: Which Is the Better Dividend Stock?
As of Oct 24, 2026, NNN (NNN REIT, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NNN offers the higher yield at 5.94%, NNN has the higher dividend-safety score, and NNN looks like the better value (its fair-value estimate is 12% above its share price).
Key facts: AMT vs NNN
Data as of · Source: SmarterDividends data
- As of Oct 24, 2026, NNN REIT, Inc. (NNN) has the higher forward dividend yield at 5.94%, versus 3.79% for American Tower Corporation (AMT).
- As of Oct 24, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and NNN's A (83/100).
- By SmarterDividends' count as of Oct 24, 2026, AMT has raised its dividend for 13 consecutive years and NNN for 35.
- As of Oct 24, 2026, AMT pays out 96% of its earnings as dividends and NNN pays out 119%.
- As of Oct 24, 2026, AMT's fair-value estimate is 5% below its share price and NNN's fair-value estimate is 12% above its share price, so NNN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs NNN: Dividend Yield, Safety & Value Compared," updated Oct 24, 2026, https://smarterdividends.com/compare/amt-vs-nnn
| Metric | AMT | NNN |
|---|---|---|
| Forward yield | 3.79% | 5.94% |
| Annual dividend | $7.16 | $2.48 |
| Payout ratio | 96% | 119% |
| Years of growth | 13 yr | 35 yr |
| 5-yr dividend growth | 8.5% | 2.7% |
| 5-yr total return | -28% | -5% |
| Dividend safety score | 73 (B) | 83 (A) |
| Fair value estimate | $180.18 | $46.70 |
| Upside to fair value | -5% | +12% |
| Frequency | quarterly | quarterly |
| Market cap | $88.1B | $8.0B |
| P/E ratio | 26.0 | 20.7 |
Higher yield
NNN
5.94%
Safer dividend
NNN
Grade A
Faster growth
AMT
8.5%
Better value
NNN
+12% upside
AMT vs NNN — FAQ
Is AMT or NNN a better dividend stock?
On the data, NNN wins more head-to-head categories (5 vs 3). NNN offers the higher yield (5.94%), while NNN 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 NNN?
NNN has the higher forward dividend yield at 5.94%, versus 3.79% for AMT.
Is AMT or NNN safer?
NNN has the higher dividend-safety score (83/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or NNN better value right now?
As of Oct 24, 2026, NNN looks like the better value: its fair-value estimate is 12% above its share price (fairly valued). For AMT, its fair-value estimate is 5% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.