CBL vs SPG: Which Is the Better Dividend Stock?
As of Nov 9, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. CBL offers the higher yield at 5.28%, SPG has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: CBL vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, CBL & Associates Properties, Inc. (CBL) has the higher forward dividend yield at 5.28%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 9, 2026, SmarterDividends grades CBL's dividend safety C (50/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 9, 2026, CBL has raised its dividend for 3 consecutive years and SPG for 5.
- As of Nov 9, 2026, CBL pays out 29% of its earnings as dividends and SPG pays out 64%.
- As of Nov 9, 2026, CBL's fair-value estimate is 26% below its share price and SPG's fair-value estimate is 14% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "CBL vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/cbl-vs-spg
| Metric | CBL | SPG |
|---|---|---|
| Forward yield | 5.28% | 4.03% |
| Annual dividend | $2.50 | $9.20 |
| Payout ratio | 29% | 64% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | 53% | 49% |
| Dividend safety score | 50 (C) | 63 (C) |
| Fair value estimate | $35.16 | $195.40 |
| Upside to fair value | -26% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $1.5B | $86.5B |
| P/E ratio | 9.7 | 16.5 |
Higher yield
CBL
5.28%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
CBL vs SPG — FAQ
Is CBL or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (4 vs 3). CBL offers the higher yield (5.28%), while SPG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, CBL or SPG?
CBL has the higher forward dividend yield at 5.28%, versus 4.03% for SPG.
Is CBL or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 50/100), reflecting stronger payout coverage and dividend-growth history.
Is CBL or SPG better value right now?
As of Nov 9, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For CBL, its fair-value estimate is 26% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.