DLR vs PLD: Which Is the Better Dividend Stock?
As of September 2026, DLR and PLD are closely matched. PLD offers the higher yield at 3.15%, DLR has the higher dividend-safety score, and DLR trades at the larger discount to fair value (-44%).
| Metric | DLR | PLD |
|---|---|---|
| Forward yield | 2.59% | 3.15% |
| Annual dividend | $4.88 | $4.28 |
| Payout ratio | 238% | 93% |
| Years of growth | 0 yr | 12 yr |
| 5-yr dividend growth | 1.7% | 11.7% |
| 5-yr total return | 31% | 8% |
| Dividend safety score | 85 (A) | 77 (B) |
| Fair value estimate | $106.36 | $66.27 |
| Upside to fair value | -44% | -51% |
| Frequency | quarterly | quarterly |
| Market cap | $67.7B | $131.4B |
| P/E ratio | 87.0 | 30.1 |
Higher yield
PLD
3.15%
Safer dividend
DLR
Grade A
Faster growth
PLD
11.7%
Better value
DLR
-44% upside
DLR vs PLD — FAQ
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