NNN vs PLD: Which Is the Better Dividend Stock?
As of Oct 23, 2026, NNN (NNN REIT, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. NNN offers the higher yield at 5.94%, NNN has the higher dividend-safety score, and NNN looks like the better value (its fair-value estimate is 12% above its share price).
Key facts: NNN vs PLD
Data as of · Source: SmarterDividends data
- As of Oct 23, 2026, NNN REIT, Inc. (NNN) has the higher forward dividend yield at 5.94%, versus 3.38% for Prologis, Inc. (PLD).
- As of Oct 23, 2026, SmarterDividends grades NNN's dividend safety A (83/100) and PLD's B (78/100).
- By SmarterDividends' count as of Oct 23, 2026, NNN has raised its dividend for 35 consecutive years and PLD for 12.
- As of Oct 23, 2026, NNN pays out 119% of its earnings as dividends and PLD pays out 92%.
- As of Oct 23, 2026, NNN's fair-value estimate is 12% above its share price and PLD's fair-value estimate is 42% below its share price, so NNN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NNN vs PLD: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/nnn-vs-pld
| Metric | NNN | PLD |
|---|---|---|
| Forward yield | 5.94% | 3.38% |
| Annual dividend | $2.48 | $4.28 |
| Payout ratio | 119% | 92% |
| Years of growth | 35 yr | 12 yr |
| 5-yr dividend growth | 2.7% | 11.7% |
| 5-yr total return | -5% | -16% |
| Dividend safety score | 83 (A) | 78 (B) |
| Fair value estimate | $46.70 | $72.90 |
| Upside to fair value | +12% | -42% |
| Frequency | quarterly | quarterly |
| Market cap | $8.0B | $123.1B |
| P/E ratio | 20.7 | 28.1 |
Higher yield
NNN
5.94%
Safer dividend
NNN
Grade A
Faster growth
PLD
11.7%
Better value
NNN
+12% upside
NNN vs PLD — FAQ
Is NNN or PLD a better dividend stock?
On the data, NNN wins more head-to-head categories (5 vs 3). NNN offers the higher yield (5.94%), while NNN has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NNN or PLD?
NNN has the higher forward dividend yield at 5.94%, versus 3.38% for PLD.
Is NNN or PLD safer?
NNN has the higher dividend-safety score (83/100 vs 78/100), reflecting stronger payout coverage and dividend-growth history.
Is NNN or PLD better value right now?
As of Oct 23, 2026, NNN looks like the better value: its fair-value estimate is 12% above its share price (fairly valued). For PLD, its fair-value estimate is 42% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.