AMT vs PLD: Dividend Yield, Growth & Safety Comparison
American Tower Corp /Ma/ (AMT) and Prologis, Inc. (PLD) are both in the Real Estate sector, making them natural rivals for dividend investors. AMT edges ahead on yield at 3.76% versus PLD's 2.88%. For dividend growth, PLD leads with a 5-year CAGR of 12.5% versus AMT's 6.9%. Both stocks carry a "Safe" dividend safety rating. Both are classified as Dividend Contenders.
Key Metrics Comparison
| Metric | AMT | PLD |
|---|
| Dividend Yield | 3.76% | 2.88% |
| Annual Dividend | $6.72 | $4.04 |
| 5-Year CAGR | 6.9% | 12.5% |
| Payout Ratio | 1% | 1% |
| Consecutive Years | 14 | 12 |
| Price | $190.81 | $138.93 |
Yield Comparison
American Tower Corp /Ma/ (AMT) currently yields 3.76%, which is solid for the broader market. That's 0.89% more than Prologis, Inc. (PLD), which yields 2.88%. In dollar terms, AMT pays $6.72/share annually versus PLD's $4.04/share.
Dividend Growth
Over the past five years, PLD has grown its dividend at a 12.5% CAGR compared to AMT's 6.9%. AMT: Dividend growth is slowing — the 3-year CAGR of 2.7% trails the 5-year rate of 6.9% and the 10-year rate of 13.5%. PLD: Dividend growth is slowing — the 3-year CAGR of 7.8% trails the 5-year rate of 12.5% and the 10-year rate of 10.2%.
Dividend Safety
AMT's dividend safety is rated "Safe." The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x. PLD's dividend safety is rated "Safe." The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x. Both have similar payout ratios — AMT at 1% and PLD at 1%.
Income Comparison
A $10,000 investment in AMT generates approximately $376/year in dividend income, compared to $288/year from PLD — a difference of $88/year. At $100,000, that gap widens to $880/year.
Verdict
- Best for income: AMT
- Best for growth: PLD
Frequently Asked Questions
Which has a higher dividend yield, AMT or PLD?
American Tower Corp /Ma/ (AMT) has a higher dividend yield of 3.76% compared to Prologis, Inc. (PLD) at 2.88%.
Is AMT or PLD a better dividend growth stock?
Prologis, Inc. has the stronger dividend growth with a 5-year CAGR of 12.5%, compared to American Tower Corp /Ma/'s 6.9%.
Which is safer for dividend income, AMT or PLD?
American Tower Corp /Ma/'s dividend safety is rated "Safe" while Prologis, Inc. is rated "Safe." The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x. The payout ratio of 1% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.9x.
How much income does $10,000 in AMT vs PLD generate?
A $10,000 investment in AMT generates approximately $376/year in dividends, while the same amount in PLD generates about $288/year.
Is AMT or PLD a Dividend Aristocrat?
American Tower Corp /Ma/ is a Dividend Contender (14 years) and Prologis, Inc. is a Dividend Contender (12 years).
Which has a lower payout ratio, AMT or PLD?
American Tower Corp /Ma/ has a lower payout ratio of 1% compared to Prologis, Inc.'s 1%. A lower payout ratio generally indicates more room for dividend growth and better sustainability.
AMT vs PLD: which is better for retirement income?
It depends on your priorities. AMT for current income, PLD for dividend growth. Many retirement investors hold both for diversification.
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