DLR vs PLD: Which Is the Better Dividend Stock?
As of Nov 14, 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PLD offers the higher yield at 3.33%, DLR has the higher dividend-safety score, and PLD looks like the better value (its fair-value estimate is 64% below its share price).
Key facts: DLR vs PLD
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, Prologis, Inc. (PLD) has the higher forward dividend yield at 3.33%, versus 2.66% for Digital Realty Trust, Inc. (DLR).
- As of Nov 14, 2026, SmarterDividends grades DLR's dividend safety A (85/100) and PLD's B (78/100).
- By SmarterDividends' count as of Nov 14, 2026, DLR has raised its dividend for 0 consecutive years and PLD for 12.
- As of Nov 14, 2026, DLR pays out 206% of its earnings as dividends and PLD pays out 93%.
- As of Nov 14, 2026, DLR's fair-value estimate is 65% below its share price and PLD's fair-value estimate is 64% below its share price, so PLD looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "DLR vs PLD: Dividend Yield, Safety & Value Compared," updated Nov 14, 2026, https://smarterdividends.com/compare/dlr-vs-pld
| Metric | DLR | PLD |
|---|---|---|
| Forward yield | 2.66% | 3.33% |
| Annual dividend | $4.88 | $4.28 |
| Payout ratio | 206% | 93% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | 1.7% | 11.7% |
| 5-yr total return | 7% | -15% |
| Dividend safety score | 85 (A) | 78 (B) |
| Fair value estimate | $63.77 | $46.30 |
| Upside to fair value | -65% | -64% |
| Frequency | quarterly | quarterly |
| Market cap | $69.3B | $125.1B |
| P/E ratio | 77.2 | 28.3 |
Higher yield
PLD
3.33%
Safer dividend
DLR
Grade A
Faster growth
PLD
11.7%
Better value
PLD
-64% upside
DLR vs PLD — FAQ
Is DLR or PLD a better dividend stock?
On the data, PLD wins more head-to-head categories (5 vs 3). PLD offers the higher yield (3.33%), while DLR has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, DLR or PLD?
PLD has the higher forward dividend yield at 3.33%, versus 2.66% for DLR.
Is DLR or PLD safer?
DLR has the higher dividend-safety score (85/100 vs 78/100), reflecting stronger payout coverage and dividend-growth history.
Is DLR or PLD better value right now?
As of Nov 14, 2026, PLD looks like the better value: its fair-value estimate is 64% below its share price (overvalued). For DLR, its fair-value estimate is 65% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.