ADC vs SPG: Which Is the Better Dividend Stock?
As of September 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 4.74%, SPG has the higher dividend-safety score, and ADC trades at the larger discount to fair value (+10%).
| Metric | ADC | SPG |
|---|---|---|
| Forward yield | 4.74% | 4.33% |
| Annual dividend | $3.20 | $8.90 |
| Payout ratio | 169% | 62% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | -15.6% | 10.5% |
| 5-yr total return | -4% | 40% |
| Dividend safety score | 60 (C) | 63 (C) |
| Fair value estimate | $75.04 | $128.47 |
| Upside to fair value | +10% | -37% |
| Frequency | monthly | quarterly |
| Market cap | $8.4B | $77.8B |
| P/E ratio | 36.4 | 14.5 |
Higher yield
ADC
4.74%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
ADC
+10% upside
ADC vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.