GOOD vs SPG: Which Is the Better Dividend Stock?
As of September 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 9.52%, SPG has the higher dividend-safety score, and GOOD trades at the larger discount to fair value (+102%).
| Metric | GOOD | SPG |
|---|---|---|
| Forward yield | 9.52% | 4.33% |
| Annual dividend | $1.20 | $8.90 |
| Payout ratio | 480% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -4.4% | 10.5% |
| 5-yr total return | -42% | 40% |
| Dividend safety score | 49 (D) | 63 (C) |
| Fair value estimate | $25.52 | $128.47 |
| Upside to fair value | +102% | -37% |
| Frequency | monthly | quarterly |
| Market cap | $615.7M | $77.9B |
| P/E ratio | 50.4 | 14.5 |
Higher yield
GOOD
9.52%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
GOOD
+102% upside
GOOD vs SPG — FAQ
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