ALX vs SPG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, ALX (Alexander's, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ALX offers the higher yield at 7.70%, ALX has the higher dividend-safety score, and ALX looks like the better value (its fair-value estimate is 21% above its share price).
Key facts: ALX vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Alexander's, Inc. (ALX) has the higher forward dividend yield at 7.70%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 18, 2026, SmarterDividends grades ALX's dividend safety B (74/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, ALX has raised its dividend for 0 consecutive years and SPG for 5.
- As of Oct 18, 2026, ALX pays out 54% of its earnings as dividends and SPG pays out 62%.
- As of Oct 18, 2026, ALX's fair-value estimate is 21% above its share price and SPG's fair-value estimate is 33% below its share price, so ALX looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "ALX vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/alx-vs-spg
| Metric | ALX | SPG |
|---|---|---|
| Forward yield | 7.70% | 4.33% |
| Annual dividend | $18.00 | $8.90 |
| Payout ratio | 54% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.0% | 10.5% |
| 5-yr total return | -9% | 34% |
| Dividend safety score | 74 (B) | 63 (C) |
| Fair value estimate | $282.24 | $137.69 |
| Upside to fair value | +21% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $1.2B | $78.0B |
| P/E ratio | 7.1 | 14.5 |
Higher yield
ALX
7.70%
Safer dividend
ALX
Grade B
Faster growth
SPG
10.5%
Better value
ALX
+21% upside
ALX vs SPG — FAQ
Is ALX or SPG a better dividend stock?
On the data, ALX wins more head-to-head categories (5 vs 3). ALX offers the higher yield (7.70%), while ALX has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, ALX or SPG?
ALX has the higher forward dividend yield at 7.70%, versus 4.33% for SPG.
Is ALX or SPG safer?
ALX has the higher dividend-safety score (74/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is ALX or SPG better value right now?
As of Oct 18, 2026, ALX looks like the better value: its fair-value estimate is 21% above its share price (undervalued). For SPG, its fair-value estimate is 33% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.