AMT vs WPC: Which Is the Better Dividend Stock?
As of September 2026, AMT (American Tower Corporation) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. WPC offers the higher yield at 5.44%, AMT has the higher dividend-safety score, and WPC trades at the larger discount to fair value (+3%).
| Metric | AMT | WPC |
|---|---|---|
| Forward yield | 3.92% | 5.44% |
| Annual dividend | $6.98 | $3.76 |
| Payout ratio | 96% | 127% |
| Years of growth | 13 yr | 1 yr |
| 5-yr dividend growth | 8.5% | -2.4% |
| 5-yr total return | -33% | -3% |
| Dividend safety score | 72 (B) | 51 (C) |
| Fair value estimate | $159.72 | $70.92 |
| Upside to fair value | -10% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $82.9B | $15.7B |
| P/E ratio | 24.5 | 23.7 |
Higher yield
WPC
5.44%
Safer dividend
AMT
Grade B
Faster growth
AMT
8.5%
Better value
WPC
+3% upside
AMT vs WPC — FAQ
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