AMT vs SMA: Which Is the Better Dividend Stock?
As of September 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 4 of 5 head-to-head metrics. SMA offers the higher yield at 4.91%, AMT has the higher dividend-safety score, and AMT trades at the larger discount to fair value (-8%).
| Metric | AMT | SMA |
|---|---|---|
| Forward yield | 4.01% | 4.91% |
| Annual dividend | $6.98 | $1.60 |
| Payout ratio | 96% | 267% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | — |
| 5-yr total return | -38% | — |
| Dividend safety score | 72 (B) | — |
| Fair value estimate | $159.72 | $20.84 |
| Upside to fair value | -8% | -36% |
| Frequency | quarterly | monthly |
| Market cap | $81.4B | $1.8B |
| P/E ratio | 24.0 | 54.4 |
Higher yield
SMA
4.91%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
AMT
-8% upside
AMT vs SMA — FAQ
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