ARI vs SPG: Which Is the Better Dividend Stock?
As of June 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ARI offers the higher yield at 9.28%, SPG has the higher dividend-safety score, and ARI trades at the larger discount to fair value (+58%).
| Metric | ARI | SPG |
|---|---|---|
| Forward yield | 9.28% | 3.88% |
| Annual dividend | $1.00 | $8.80 |
| Payout ratio | 123% | 60% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -7.2% | 10.5% |
| 5-yr total return | -29% | 79% |
| Dividend safety score | 43 (D) | 61 (C) |
| Fair value estimate | $17.04 | $154.92 |
| Upside to fair value | +58% | -32% |
| Frequency | quarterly | quarterly |
| Market cap | $1.4B | $86.2B |
| P/E ratio | 13.3 | 15.8 |
Higher yield
ARI
9.28%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
ARI
+58% upside
ARI vs SPG — FAQ
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