GOOD vs SPG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. GOOD offers the higher yield at 11.02%, SPG has the higher dividend-safety score, and GOOD looks like the better value (its fair-value estimate is 152% above its share price).
Key facts: GOOD vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Gladstone Commercial Corporation (GOOD) has the higher forward dividend yield at 11.02%, versus 3.90% for Simon Property Group, Inc. (SPG).
- As of Nov 5, 2026, SmarterDividends grades GOOD's dividend safety D (49/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 5, 2026, GOOD has raised its dividend for 0 consecutive years and SPG for 5.
- As of Nov 5, 2026, GOOD's fair-value estimate is 152% above its share price and SPG's fair-value estimate is 40% below its share price, so GOOD looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "GOOD vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/good-vs-spg
| Metric | GOOD | SPG |
|---|---|---|
| Forward yield | 11.02% | 3.90% |
| Annual dividend | $1.20 | $8.90 |
| Payout ratio | 923% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -4.4% | 10.5% |
| 5-yr total return | -49% | 42% |
| Dividend safety score | 49 (D) | 63 (C) |
| Fair value estimate | $26.07 | $136.51 |
| Upside to fair value | +152% | -40% |
| Frequency | monthly | quarterly |
| Market cap | $506.1M | $86.6B |
| P/E ratio | 79.7 | 16.1 |
Higher yield
GOOD
11.02%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
GOOD
+152% upside
GOOD vs SPG — FAQ
Is GOOD or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). GOOD offers the higher yield (11.02%), 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, GOOD or SPG?
GOOD has the higher forward dividend yield at 11.02%, versus 3.90% for SPG.
Is GOOD or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 49/100), reflecting stronger payout coverage and dividend-growth history.
Is GOOD or SPG better value right now?
As of Nov 5, 2026, GOOD looks like the better value: its fair-value estimate is 152% above its share price (undervalued). For SPG, its fair-value estimate is 40% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.