AMT vs NLCP: Which Is the Better Dividend Stock?
As of July 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. NLCP offers the higher yield at 11.22%, AMT has the higher dividend-safety score, and NLCP trades at the larger discount to fair value (+59%).
| Metric | AMT | NLCP |
|---|---|---|
| Forward yield | 4.10% | 11.22% |
| Annual dividend | $6.98 | $1.72 |
| Payout ratio | 82% | 138% |
| Years of growth | 13 yr | 4 yr |
| 5-yr dividend growth | 8.5% | — |
| 5-yr total return | -42% | -49% |
| Dividend safety score | 74 (B) | 60 (C) |
| Fair value estimate | $164.07 | $24.30 |
| Upside to fair value | -4% | +59% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $324.6M |
| P/E ratio | 27.4 | 12.4 |
Higher yield
NLCP
11.22%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
NLCP
+59% upside
AMT vs NLCP — FAQ
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