PLD vs SAFE: Which Is the Better Dividend Stock?
As of Oct 18, 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SAFE offers the higher yield at 6.24%, PLD has the higher dividend-safety score, and PLD looks like the better value (its fair-value estimate is 38% below its share price).
Key facts: PLD vs SAFE
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Safehold Inc. (SAFE) has the higher forward dividend yield at 6.24%, versus 3.40% for Prologis, Inc. (PLD).
- As of Oct 18, 2026, SmarterDividends grades PLD's dividend safety B (78/100) and SAFE's C (57/100).
- By SmarterDividends' count as of Oct 18, 2026, PLD has raised its dividend for 12 consecutive years and SAFE for 0.
- As of Oct 18, 2026, PLD pays out 92% of its earnings as dividends and SAFE pays out 44%.
- As of Oct 18, 2026, PLD's fair-value estimate is 38% below its share price and SAFE's fair-value estimate is 41% below its share price, so PLD looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PLD vs SAFE: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/pld-vs-safe
| Metric | PLD | SAFE |
|---|---|---|
| Forward yield | 3.40% | 6.24% |
| Annual dividend | $4.28 | $0.71 |
| Payout ratio | 92% | 44% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 11.7% | -23.4% |
| 5-yr total return | -17% | -90% |
| Dividend safety score | 78 (B) | 57 (C) |
| Fair value estimate | $77.96 | $6.71 |
| Upside to fair value | -38% | -41% |
| Frequency | quarterly | quarterly |
| Market cap | $122.2B | $803.1M |
| P/E ratio | 27.7 | 7.0 |
Higher yield
SAFE
6.24%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
PLD
-38% upside
PLD vs SAFE — FAQ
Is PLD or SAFE a better dividend stock?
On the data, PLD wins more head-to-head categories (6 vs 2). SAFE offers the higher yield (6.24%), 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, PLD or SAFE?
SAFE has the higher forward dividend yield at 6.24%, versus 3.40% for PLD.
Is PLD or SAFE safer?
PLD has the higher dividend-safety score (78/100 vs 57/100), reflecting stronger payout coverage and dividend-growth history.
Is PLD or SAFE better value right now?
As of Oct 18, 2026, PLD looks like the better value: its fair-value estimate is 38% below its share price (overvalued). For SAFE, its fair-value estimate is 41% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.