ELS vs PLD: Which Is the Better Dividend Stock?
As of September 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ELS offers the higher yield at 3.59%, PLD has the higher dividend-safety score, and ELS trades at the larger discount to fair value (-8%).
| Metric | ELS | PLD |
|---|---|---|
| Forward yield | 3.59% | 3.17% |
| Annual dividend | $2.17 | $4.28 |
| Payout ratio | 102% | 93% |
| Years of growth | 21 yr | 12 yr |
| 5-yr dividend growth | 8.5% | 11.7% |
| 5-yr total return | -29% | -7% |
| Dividend safety score | 75 (B) | 78 (B) |
| Fair value estimate | $55.67 | $66.27 |
| Upside to fair value | -8% | -51% |
| Frequency | quarterly | quarterly |
| Market cap | $12.1B | $132.0B |
| P/E ratio | 29.2 | 30.2 |
Higher yield
ELS
3.59%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
ELS
-8% upside
ELS vs PLD — FAQ
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