AMT vs SPG: Which Is the Better Dividend Stock?
As of Sep 29, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SPG offers the higher yield at 4.35%, AMT has the higher dividend-safety score, and AMT looks like the better value (its fair-value estimate is 2% above its share price).
Key facts: AMT vs SPG
Data as of · Source: SmarterDividends data
- As of Sep 29, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 4.35%, versus 4.24% for American Tower Corporation (AMT).
- As of Sep 29, 2026, SmarterDividends grades AMT's dividend safety B (72/100) and SPG's C (63/100).
- By SmarterDividends' count as of Sep 29, 2026, AMT has raised its dividend for 13 consecutive years and SPG for 5.
- As of Sep 29, 2026, AMT pays out 96% of its earnings as dividends and SPG pays out 62%.
- As of Sep 29, 2026, AMT's fair-value estimate is 2% above its share price and SPG's fair-value estimate is 37% below its share price, so AMT 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 Sep 29, 2026, https://smarterdividends.com/compare/amt-vs-spg
| Metric | AMT | SPG |
|---|---|---|
| Forward yield | 4.24% | 4.35% |
| Annual dividend | $7.16 | $8.90 |
| Payout ratio | 96% | 62% |
| Years of growth | 13 yr | 5 yr |
| 5-yr dividend growth | 8.5% | 10.5% |
| 5-yr total return | -40% | 40% |
| Dividend safety score | 72 (B) | 63 (C) |
| Fair value estimate | $170.95 | $128.47 |
| Upside to fair value | +2% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $78.3B | $77.6B |
| P/E ratio | 23.3 | 14.5 |
Higher yield
SPG
4.35%
Safer dividend
AMT
Grade B
Faster growth
SPG
10.5%
Better value
AMT
+2% upside
AMT vs SPG — FAQ
Is AMT or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). SPG offers the higher yield (4.35%), 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 4.35%, versus 4.24% for AMT.
Is AMT or SPG safer?
AMT has the higher dividend-safety score (72/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is AMT or SPG better value right now?
As of Sep 29, 2026, AMT looks like the better value: its fair-value estimate is 2% above its share price (fairly valued). For SPG, its fair-value estimate is 37% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.