BFS vs SPG: Which Is the Better Dividend Stock?
As of August 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. BFS offers the higher yield at 6.91%, BFS has the higher dividend-safety score, and BFS trades at the larger discount to fair value (+72%).
| Metric | BFS | SPG |
|---|---|---|
| Forward yield | 6.91% | 4.03% |
| Annual dividend | $2.36 | $8.90 |
| Payout ratio | 243% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 2.2% | 10.5% |
| 5-yr total return | -23% | 68% |
| Dividend safety score | 70 (B) | 61 (C) |
| Fair value estimate | $57.94 | $151.83 |
| Upside to fair value | +72% | -30% |
| Frequency | quarterly | quarterly |
| Market cap | $1.2B | $83.1B |
| P/E ratio | 35.2 | 15.6 |
Higher yield
BFS
6.91%
Safer dividend
BFS
Grade B
Faster growth
SPG
10.5%
Better value
BFS
+72% upside
BFS vs SPG — FAQ
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