ELS vs PLD: Which Is the Better Dividend Stock?
As of Nov 8, 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ELS offers the higher yield at 3.45%, PLD has the higher dividend-safety score, and ELS looks like the better value (its fair-value estimate is 5% below its share price).
Key facts: ELS vs PLD
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Equity LifeStyle Properties, Inc. (ELS) has the higher forward dividend yield at 3.45%, versus 3.37% for Prologis, Inc. (PLD).
- As of Nov 8, 2026, SmarterDividends grades ELS's dividend safety B (76/100) and PLD's B (78/100).
- By SmarterDividends' count as of Nov 8, 2026, ELS has raised its dividend for 21 consecutive years and PLD for 12.
- As of Nov 8, 2026, ELS pays out 106% of its earnings as dividends and PLD pays out 93%.
- As of Nov 8, 2026, ELS's fair-value estimate is 5% below its share price and PLD's fair-value estimate is 64% below its share price, so ELS looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ELS vs PLD: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/els-vs-pld
| Metric | ELS | PLD |
|---|---|---|
| Forward yield | 3.45% | 3.37% |
| Annual dividend | $2.17 | $4.28 |
| Payout ratio | 106% | 93% |
| Years of growth | 21 yr | 12 yr |
| 5-yr dividend growth | 8.5% | 11.7% |
| 5-yr total return | -23% | -16% |
| Dividend safety score | 76 (B) | 78 (B) |
| Fair value estimate | $59.83 | $46.30 |
| Upside to fair value | -5% | -64% |
| Frequency | quarterly | quarterly |
| Market cap | $12.7B | $123.4B |
| P/E ratio | 31.2 | 28.0 |
Higher yield
ELS
3.45%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
ELS
-5% upside
ELS vs PLD — FAQ
Is ELS or PLD a better dividend stock?
On the data, PLD wins more head-to-head categories (5 vs 3). ELS offers the higher yield (3.45%), while PLD has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, ELS or PLD?
ELS has the higher forward dividend yield at 3.45%, versus 3.37% for PLD.
Is ELS or PLD safer?
PLD has the higher dividend-safety score (78/100 vs 76/100), reflecting stronger payout coverage and dividend-growth history.
Is ELS or PLD better value right now?
As of Nov 8, 2026, ELS looks like the better value: its fair-value estimate is 5% below its share price (fairly valued). For PLD, its fair-value estimate is 64% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.