NLCP vs PLD: Which Is the Better Dividend Stock?
As of September 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NLCP offers the higher yield at 11.15%, PLD has the higher dividend-safety score, and NLCP trades at the larger discount to fair value (+96%).
| Metric | NLCP | PLD |
|---|---|---|
| Forward yield | 11.15% | 3.18% |
| Annual dividend | $1.72 | $4.28 |
| Payout ratio | 146% | 93% |
| Years of growth | 4 yr | 12 yr |
| 5-yr dividend growth | — | 11.7% |
| 5-yr total return | -49% | 8% |
| Dividend safety score | 60 (C) | 77 (B) |
| Fair value estimate | $31.05 | $66.27 |
| Upside to fair value | +96% | -52% |
| Frequency | quarterly | quarterly |
| Market cap | $316.8M | $132.0B |
| P/E ratio | 13.0 | 30.0 |
Higher yield
NLCP
11.15%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
NLCP
+96% upside
NLCP vs PLD — FAQ
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