APLE 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. APLE offers the higher yield at 6.06%, SPG has the higher dividend-safety score, and APLE trades at the larger discount to fair value (-9%).
| Metric | APLE | SPG |
|---|---|---|
| Forward yield | 6.06% | 4.36% |
| Annual dividend | $0.96 | $8.90 |
| Payout ratio | 130% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -4.4% | 10.5% |
| 5-yr total return | -1% | 40% |
| Dividend safety score | 54 (C) | 63 (C) |
| Fair value estimate | $14.24 | $128.47 |
| Upside to fair value | -9% | -37% |
| Frequency | monthly | quarterly |
| Market cap | $3.7B | $77.9B |
| P/E ratio | 21.4 | 14.5 |
Higher yield
APLE
6.06%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
APLE
-9% upside
APLE vs SPG — FAQ
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