CPT vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SPG offers the higher yield at 3.85%, CPT has the higher dividend-safety score, and CPT trades at the larger discount to fair value (-1%).
| Metric | CPT | SPG |
|---|---|---|
| Forward yield | 3.75% | 3.85% |
| Annual dividend | $4.24 | $8.80 |
| Payout ratio | 118% | 60% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | 4.8% | 10.5% |
| 5-yr total return | -25% | 70% |
| Dividend safety score | 73 (B) | 61 (C) |
| Fair value estimate | $112.31 | $150.64 |
| Upside to fair value | -1% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $11.2B | $86.7B |
| P/E ratio | 31.5 | 15.9 |
Higher yield
SPG
3.85%
Safer dividend
CPT
Grade B
Faster growth
SPG
10.5%
Better value
CPT
-1% upside
CPT vs SPG — FAQ
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