SmarterDividends

FSV vs SPG: Which Is the Better Dividend Stock?

As of September 2026, FSV (FirstService Corporation) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. SPG offers the higher yield at 4.33%, FSV has the higher dividend-safety score.

MetricFSVSPG
Forward yield0.94%4.33%
Annual dividend$1.22$8.90
Payout ratio33%62%
Years of growth10 yr5 yr
5-yr dividend growth10.8%10.5%
5-yr total return-35%40%
Dividend safety score79 (B)63 (C)
Fair value estimate$128.47
Upside to fair value-37%
Frequencyquarterlyquarterly
Market cap$5.8B$77.8B
P/E ratio37.814.5

Higher yield

SPG

4.33%

Safer dividend

FSV

Grade B

Faster growth

FSV

10.8%

FSV vs SPG — FAQ

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