AMT vs SPG: Which Is the Better Dividend Stock?
As of August 2026, AMT and SPG are closely matched. AMT offers the higher yield at 4.10%, AMT has the higher dividend-safety score, and AMT trades at the larger discount to fair value (-7%).
| Metric | AMT | SPG |
|---|---|---|
| Forward yield | 4.10% | 4.04% |
| Annual dividend | $6.98 | $8.90 |
| Payout ratio | 82% | 62% |
| Years of growth | 13 yr | 5 yr |
| 5-yr dividend growth | 8.5% | 10.5% |
| 5-yr total return | -41% | 66% |
| Dividend safety score | 74 (B) | 61 (C) |
| Fair value estimate | $160.39 | $150.74 |
| Upside to fair value | -7% | -32% |
| Frequency | quarterly | quarterly |
| Market cap | $81.2B | $84.1B |
| P/E ratio | 27.5 | 15.6 |
Higher yield
AMT
4.10%
Safer dividend
AMT
Grade B
Faster growth
SPG
10.5%
Better value
AMT
-7% upside
AMT vs SPG — FAQ
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