AVB vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SPG offers the higher yield at 4.33%, AVB has the higher dividend-safety score, and AVB trades at the larger discount to fair value (-13%).
| Metric | AVB | SPG |
|---|---|---|
| Forward yield | 3.87% | 4.33% |
| Annual dividend | $7.12 | $8.90 |
| Payout ratio | 97% | 62% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | 1.9% | 10.5% |
| 5-yr total return | — | 40% |
| Dividend safety score | 84 (A) | 63 (C) |
| Fair value estimate | $160.18 | $128.47 |
| Upside to fair value | -13% | -37% |
| Frequency | monthly | quarterly |
| Market cap | $26.3B | $77.9B |
| P/E ratio | 25.2 | 14.5 |
Higher yield
SPG
4.33%
Safer dividend
AVB
Grade A
Faster growth
SPG
10.5%
Better value
AVB
-13% upside
AVB vs SPG — FAQ
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