AMT vs SPG: Which Is the Better Dividend Stock?
As of Nov 14, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SPG offers the higher yield at 3.94%, AMT has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: AMT vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 3.94%, versus 3.77% for American Tower Corporation (AMT).
- As of Nov 14, 2026, SmarterDividends grades AMT's dividend safety B (73/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 14, 2026, AMT has raised its dividend for 13 consecutive years and SPG for 5.
- As of Nov 14, 2026, AMT pays out 100% of its earnings as dividends and SPG pays out 64%.
- As of Nov 14, 2026, AMT's fair-value estimate is 44% below its share price and SPG's fair-value estimate is 27% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "AMT vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 14, 2026, https://smarterdividends.com/compare/amt-vs-spg
| Metric | AMT | SPG |
|---|---|---|
| Forward yield | 3.77% | 3.94% |
| Annual dividend | $7.16 | $9.20 |
| Payout ratio | 100% | 64% |
| Years of growth | 13 yr | 5 yr |
| 5-yr dividend growth | 8.5% | 10.5% |
| 5-yr total return | -27% | 52% |
| Dividend safety score | 73 (B) | 63 (C) |
| Fair value estimate | $106.80 | $169.53 |
| Upside to fair value | -44% | -27% |
| Frequency | quarterly | quarterly |
| Market cap | $88.9B | $88.2B |
| P/E ratio | 26.7 | 16.9 |
Higher yield
SPG
3.94%
Safer dividend
AMT
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-27% upside
AMT vs SPG — FAQ
Is AMT or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). SPG offers the higher yield (3.94%), while AMT has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, AMT or SPG?
SPG has the higher forward dividend yield at 3.94%, versus 3.77% for AMT.
Is AMT or SPG safer?
AMT has the higher dividend-safety score (73/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or SPG better value right now?
As of Nov 14, 2026, SPG looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For AMT, its fair-value estimate is 44% below its share price.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.