PLD vs WPC: Which Is the Better Dividend Stock?
As of September 2026, PLD (Prologis, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. WPC offers the higher yield at 5.44%, PLD has the higher dividend-safety score, and WPC trades at the larger discount to fair value (+3%).
| Metric | PLD | WPC |
|---|---|---|
| Forward yield | 3.15% | 5.44% |
| Annual dividend | $4.28 | $3.76 |
| Payout ratio | 93% | 127% |
| Years of growth | 12 yr | 1 yr |
| 5-yr dividend growth | 11.7% | -2.4% |
| 5-yr total return | 8% | -3% |
| Dividend safety score | 77 (B) | 51 (C) |
| Fair value estimate | $66.27 | $70.92 |
| Upside to fair value | -51% | +3% |
| Frequency | quarterly | quarterly |
| Market cap | $132.0B | $15.7B |
| P/E ratio | 30.2 | 23.7 |
Higher yield
WPC
5.44%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
WPC
+3% upside
PLD vs WPC — FAQ
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