AMT vs PLD: Which Is the Better Dividend Stock?
As of September 2026, AMT and PLD are closely matched. AMT offers the higher yield at 3.92%, PLD has the higher dividend-safety score, and AMT trades at the larger discount to fair value (-10%).
| Metric | AMT | PLD |
|---|---|---|
| Forward yield | 3.92% | 3.15% |
| Annual dividend | $6.98 | $4.28 |
| Payout ratio | 96% | 93% |
| Years of growth | 13 yr | 12 yr |
| 5-yr dividend growth | 8.5% | 11.7% |
| 5-yr total return | -33% | 8% |
| Dividend safety score | 72 (B) | 77 (B) |
| Fair value estimate | $159.72 | $66.27 |
| Upside to fair value | -10% | -51% |
| Frequency | quarterly | quarterly |
| Market cap | $82.9B | $132.0B |
| P/E ratio | 24.5 | 30.2 |
Higher yield
AMT
3.92%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
AMT
-10% upside
AMT vs PLD — FAQ
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