AMT vs SAFE: Which Is the Better Dividend Stock?
As of Oct 18, 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SAFE offers the higher yield at 6.24%, AMT has the higher dividend-safety score, and AMT looks like the better value (its fair-value estimate is 3% below its share price).
Key facts: AMT vs SAFE
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Safehold Inc. (SAFE) has the higher forward dividend yield at 6.24%, versus 3.86% for American Tower Corporation (AMT).
- As of Oct 18, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and SAFE's C (57/100).
- By SmarterDividends' count as of Oct 18, 2026, AMT has raised its dividend for 13 consecutive years and SAFE for 0.
- As of Oct 18, 2026, AMT pays out 96% of its earnings as dividends and SAFE pays out 44%.
- As of Oct 18, 2026, AMT's fair-value estimate is 3% below its share price and SAFE's fair-value estimate is 41% below its share price, so AMT looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs SAFE: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/amt-vs-safe
| Metric | AMT | SAFE |
|---|---|---|
| Forward yield | 3.86% | 6.24% |
| Annual dividend | $7.16 | $0.71 |
| Payout ratio | 96% | 44% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | -23.4% |
| 5-yr total return | -29% | -90% |
| Dividend safety score | 73 (B) | 57 (C) |
| Fair value estimate | $180.18 | $6.71 |
| Upside to fair value | -3% | -41% |
| Frequency | quarterly | quarterly |
| Market cap | $86.3B | $803.1M |
| P/E ratio | 25.5 | 7.0 |
Higher yield
SAFE
6.24%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
AMT
-3% upside
AMT vs SAFE — FAQ
Is AMT or SAFE a better dividend stock?
On the data, AMT wins more head-to-head categories (6 vs 2). SAFE offers the higher yield (6.24%), 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 SAFE?
SAFE has the higher forward dividend yield at 6.24%, versus 3.86% for AMT.
Is AMT or SAFE safer?
AMT has the higher dividend-safety score (73/100 vs 57/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or SAFE better value right now?
As of Oct 18, 2026, AMT looks like the better value: its fair-value estimate is 3% below its share price (fairly valued). For SAFE, its fair-value estimate is 41% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.