DLR vs PLD: Which Is the Better Dividend Stock?
As of July 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. PLD offers the higher yield at 2.86%, DLR has the higher dividend-safety score, and DLR trades at the larger discount to fair value (-40%).
| Metric | DLR | PLD |
|---|---|---|
| Forward yield | 2.81% | 2.86% |
| Annual dividend | $4.88 | $4.28 |
| Payout ratio | 129% | 93% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | 1.7% | 11.7% |
| 5-yr total return | 6% | 11% |
| Dividend safety score | 85 (A) | 79 (B) |
| Fair value estimate | $105.10 | $79.57 |
| Upside to fair value | -40% | -47% |
| Frequency | quarterly | quarterly |
| Market cap | $66.3B | $140.7B |
| P/E ratio | 46.1 | 32.8 |
Higher yield
PLD
2.86%
Safer dividend
DLR
Grade A
Faster growth
PLD
11.7%
Better value
DLR
-40% upside
DLR vs PLD — FAQ
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