AMT vs PLD: Which Is the Better Dividend Stock?
As of Oct 20, 2026, AMT and PLD are closely matched. AMT offers the higher yield at 3.91%, PLD has the higher dividend-safety score, and AMT looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: AMT vs PLD
Data as of · Source: SmarterDividends data
- As of Oct 20, 2026, American Tower Corporation (AMT) has the higher forward dividend yield at 3.91%, versus 3.45% for Prologis, Inc. (PLD).
- As of Oct 20, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and PLD's B (78/100).
- By SmarterDividends' count as of Oct 20, 2026, AMT has raised its dividend for 13 consecutive years and PLD for 12.
- As of Oct 20, 2026, AMT pays out 96% of its earnings as dividends and PLD pays out 92%.
- As of Oct 20, 2026, AMT's fair-value estimate is 2% below its share price and PLD's fair-value estimate is 37% below its share price, so AMT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs PLD: Dividend Yield, Safety & Value Compared," updated Oct 20, 2026, https://smarterdividends.com/compare/amt-vs-pld
| Metric | AMT | PLD |
|---|---|---|
| Forward yield | 3.91% | 3.45% |
| Annual dividend | $7.16 | $4.28 |
| Payout ratio | 96% | 92% |
| Years of growth | 13 yr | 12 yr |
| 5-yr dividend growth | 8.5% | 11.7% |
| 5-yr total return | -29% | -17% |
| Dividend safety score | 73 (B) | 78 (B) |
| Fair value estimate | $180.18 | $77.96 |
| Upside to fair value | -2% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $85.3B | $120.6B |
| P/E ratio | 25.2 | 27.6 |
Higher yield
AMT
3.91%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
AMT
-2% upside
AMT vs PLD — FAQ
Is AMT or PLD a better dividend stock?
AMT and PLD are closely matched. AMT has the higher yield; PLD scores better on safety.
Which has a higher dividend yield, AMT or PLD?
AMT has the higher forward dividend yield at 3.91%, versus 3.45% for PLD.
Is AMT or PLD safer?
PLD has the higher dividend-safety score (78/100 vs 73/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or PLD better value right now?
As of Oct 20, 2026, AMT looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For PLD, its fair-value estimate is 37% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.