NLCP vs PLD: Which Is the Better Dividend Stock?
As of July 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NLCP offers the higher yield at 11.22%, PLD has the higher dividend-safety score, and NLCP trades at the larger discount to fair value (+59%).
| Metric | NLCP | PLD |
|---|---|---|
| Forward yield | 11.22% | 2.86% |
| Annual dividend | $1.72 | $4.28 |
| Payout ratio | 138% | 93% |
| Years of growth | 4 yr | 12 yr |
| 5-yr dividend growth | — | 11.7% |
| 5-yr total return | -49% | 11% |
| Dividend safety score | 60 (C) | 79 (B) |
| Fair value estimate | $24.30 | $79.57 |
| Upside to fair value | +59% | -47% |
| Frequency | quarterly | quarterly |
| Market cap | $324.6M | $140.7B |
| P/E ratio | 12.4 | 32.8 |
Higher yield
NLCP
11.22%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
NLCP
+59% upside
NLCP vs PLD — FAQ
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