PLD vs PMT: Which Is the Better Dividend Stock?
As of September 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PMT offers the higher yield at 17.45%, PLD has the higher dividend-safety score, and PMT trades at the larger discount to fair value (+242%).
| Metric | PLD | PMT |
|---|---|---|
| Forward yield | 3.18% | 17.45% |
| Annual dividend | $4.28 | $1.60 |
| Payout ratio | 93% | 111% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 11.7% | 1.0% |
| 5-yr total return | 8% | -53% |
| Dividend safety score | 77 (B) | 41 (D) |
| Fair value estimate | $66.27 | $32.97 |
| Upside to fair value | -52% | +242% |
| Frequency | quarterly | quarterly |
| Market cap | $132.0B | — |
| P/E ratio | 30.0 | 6.4 |
Higher yield
PMT
17.45%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
PMT
+242% upside
PLD vs PMT — FAQ
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