SmarterDividends

AMT vs PMT-PA: Which Is the Better Dividend Stock?

As of July 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. PMT-PA offers the higher yield at 8.99%, AMT has the higher dividend-safety score, and PMT-PA trades at the larger discount to fair value (+88%).

MetricAMTPMT-PA
Forward yield4.10%8.99%
Annual dividend$6.98$2.03
Payout ratio82%
Years of growth13 yr0 yr
5-yr dividend growth8.5%0.0%
5-yr total return-42%-14%
Dividend safety score74 (B)73 (B)
Fair value estimate$164.07$42.50
Upside to fair value-4%+88%
Frequencyquarterlyquarterly
Market cap$77.8B
P/E ratio27.4

Higher yield

PMT-PA

8.99%

Safer dividend

AMT

Grade B

Faster growth

AMT

8.5%

Better value

PMT-PA

+88% upside

AMT vs PMT-PA — FAQ

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