NLCP vs PLD: Which Is the Better Dividend Stock?
As of Oct 27, 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NLCP offers the higher yield at 12.25%, PLD has the higher dividend-safety score, and NLCP looks like the better value (its fair-value estimate is 120% above its share price).
Key facts: NLCP vs PLD
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, NewLake Capital Partners, Inc. (NLCP) has the higher forward dividend yield at 12.25%, versus 3.39% for Prologis, Inc. (PLD).
- As of Oct 27, 2026, SmarterDividends grades NLCP's dividend safety C (62/100) and PLD's B (78/100).
- By SmarterDividends' count as of Oct 27, 2026, NLCP has raised its dividend for 4 consecutive years and PLD for 12.
- As of Oct 27, 2026, NLCP pays out 146% of its earnings as dividends and PLD pays out 92%.
- As of Oct 27, 2026, NLCP's fair-value estimate is 120% above its share price and PLD's fair-value estimate is 40% below its share price, so NLCP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NLCP vs PLD: Dividend Yield, Safety & Value Compared," updated Oct 27, 2026, https://smarterdividends.com/compare/nlcp-vs-pld
| Metric | NLCP | PLD |
|---|---|---|
| Forward yield | 12.25% | 3.39% |
| Annual dividend | $1.72 | $4.28 |
| Payout ratio | 146% | 92% |
| Years of growth | 4 yr | 12 yr |
| 5-yr dividend growth | — | 11.7% |
| 5-yr total return | -50% | -16% |
| Dividend safety score | 62 (C) | 78 (B) |
| Fair value estimate | $30.95 | $76.31 |
| Upside to fair value | +120% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $294.0M | $122.8B |
| P/E ratio | 11.9 | 28.1 |
Higher yield
NLCP
12.25%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
NLCP
+120% upside
NLCP vs PLD — FAQ
Is NLCP or PLD a better dividend stock?
On the data, PLD wins more head-to-head categories (5 vs 2). NLCP offers the higher yield (12.25%), 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, NLCP or PLD?
NLCP has the higher forward dividend yield at 12.25%, versus 3.39% for PLD.
Is NLCP or PLD safer?
PLD has the higher dividend-safety score (78/100 vs 62/100), reflecting stronger payout coverage and dividend-growth history.
Is NLCP or PLD better value right now?
As of Oct 27, 2026, NLCP looks like the better value: its fair-value estimate is 120% above its share price (undervalued). For PLD, its fair-value estimate is 40% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.