AMT vs PMT: Which Is the Better Dividend Stock?
As of July 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. PMT offers the higher yield at 16.16%, AMT has the higher dividend-safety score, and PMT trades at the larger discount to fair value (+238%).
| Metric | AMT | PMT |
|---|---|---|
| Forward yield | 4.10% | 16.16% |
| Annual dividend | $6.98 | $1.60 |
| Payout ratio | 82% | 138% |
| Years of growth | 13 yr | 0 yr |
| 5-yr dividend growth | 8.5% | 1.0% |
| 5-yr total return | -42% | -49% |
| Dividend safety score | 74 (B) | 41 (D) |
| Fair value estimate | $164.07 | $33.49 |
| Upside to fair value | -4% | +238% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $849.4M |
| P/E ratio | 27.4 | 8.5 |
Higher yield
PMT
16.16%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
PMT
+238% upside
AMT vs PMT — FAQ
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