EQIX vs IIPR: Which Is the Better Dividend Stock?
As of September 2026, EQIX (Equinix, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. IIPR offers the higher yield at 13.67%, EQIX has the higher dividend-safety score, and IIPR trades at the larger discount to fair value (+90%).
| Metric | EQIX | IIPR |
|---|---|---|
| Forward yield | 2.02% | 13.67% |
| Annual dividend | $20.64 | $7.60 |
| Payout ratio | 127% | 172% |
| Years of growth | 10 yr | 8 yr |
| 5-yr dividend growth | 12.0% | 11.2% |
| 5-yr total return | 31% | -76% |
| Dividend safety score | 76 (B) | 69 (B) |
| Fair value estimate | $442.36 | $108.96 |
| Upside to fair value | -57% | +90% |
| Frequency | quarterly | quarterly |
| Market cap | $102.4B | $1.6B |
| P/E ratio | 65.8 | 12.7 |
Higher yield
IIPR
13.67%
Safer dividend
EQIX
Grade B
Faster growth
EQIX
12.0%
Better value
IIPR
+90% upside
EQIX vs IIPR — FAQ
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