ADC vs SPG: Which Is the Better Dividend Stock?
As of Nov 9, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ADC offers the higher yield at 4.65%, ADC has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: ADC vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, Agree Realty Corporation (ADC) has the higher forward dividend yield at 4.65%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 9, 2026, SmarterDividends grades ADC's dividend safety B (76/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 9, 2026, ADC has raised its dividend for 4 consecutive years and SPG for 5.
- As of Nov 9, 2026, ADC pays out 164% of its earnings as dividends and SPG pays out 64%.
- As of Nov 9, 2026, ADC's fair-value estimate is 16% below its share price and SPG's fair-value estimate is 14% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ADC vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/adc-vs-spg
| Metric | ADC | SPG |
|---|---|---|
| Forward yield | 4.65% | 4.03% |
| Annual dividend | $3.25 | $9.20 |
| Payout ratio | 164% | 64% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | -15.6% | 10.5% |
| 5-yr total return | 3% | 49% |
| Dividend safety score | 76 (B) | 63 (C) |
| Fair value estimate | $58.86 | $195.40 |
| Upside to fair value | -16% | -14% |
| Frequency | monthly | quarterly |
| Market cap | $9.1B | $86.5B |
| P/E ratio | 36.0 | 16.5 |
Higher yield
ADC
4.65%
Safer dividend
ADC
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
ADC vs SPG — FAQ
Is ADC or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). ADC offers the higher yield (4.65%), while ADC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, ADC or SPG?
ADC has the higher forward dividend yield at 4.65%, versus 4.03% for SPG.
Is ADC or SPG safer?
ADC has the higher dividend-safety score (76/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is ADC or SPG better value right now?
As of Nov 9, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For ADC, its fair-value estimate is 16% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.