PLD vs SMA: Which Is the Better Dividend Stock?
As of September 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. SMA offers the higher yield at 4.91%, PLD has the higher dividend-safety score, and SMA trades at the larger discount to fair value (-36%).
| Metric | PLD | SMA |
|---|---|---|
| Forward yield | 3.17% | 4.91% |
| Annual dividend | $4.28 | $1.60 |
| Payout ratio | 93% | 267% |
| Years of growth | 12 yr | 0 yr |
| 5-yr dividend growth | 11.7% | — |
| 5-yr total return | -7% | — |
| Dividend safety score | 78 (B) | — |
| Fair value estimate | $66.27 | $20.84 |
| Upside to fair value | -51% | -36% |
| Frequency | quarterly | monthly |
| Market cap | $132.0B | $1.8B |
| P/E ratio | 30.2 | 54.4 |
Higher yield
SMA
4.91%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
SMA
-36% upside
PLD vs SMA — FAQ
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