HIW vs SPG: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. HIW offers the higher yield at 6.82%, HIW has the higher dividend-safety score, and HIW looks like the better value (its fair-value estimate is 8% above its share price).
Key facts: HIW vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Highwoods Properties, Inc. (HIW) has the higher forward dividend yield at 6.82%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 18, 2026, SmarterDividends grades HIW's dividend safety A (81/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 18, 2026, HIW has raised its dividend for 0 consecutive years and SPG for 5.
- As of Oct 18, 2026, HIW pays out 132% of its earnings as dividends and SPG pays out 62%.
- As of Oct 18, 2026, HIW's fair-value estimate is 8% above its share price and SPG's fair-value estimate is 33% below its share price, so HIW looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "HIW vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/hiw-vs-spg
| Metric | HIW | SPG |
|---|---|---|
| Forward yield | 6.82% | 4.33% |
| Annual dividend | $2.00 | $8.90 |
| Payout ratio | 132% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.8% | 10.5% |
| 5-yr total return | -32% | 34% |
| Dividend safety score | 81 (A) | 63 (C) |
| Fair value estimate | $31.70 | $137.69 |
| Upside to fair value | +8% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $3.3B | $78.0B |
| P/E ratio | 19.4 | 14.5 |
Higher yield
HIW
6.82%
Safer dividend
HIW
Grade A
Faster growth
SPG
10.5%
Better value
HIW
+8% upside
HIW vs SPG — FAQ
Is HIW or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). HIW offers the higher yield (6.82%), while HIW has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, HIW or SPG?
HIW has the higher forward dividend yield at 6.82%, versus 4.33% for SPG.
Is HIW or SPG safer?
HIW has the higher dividend-safety score (81/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is HIW or SPG better value right now?
As of Oct 18, 2026, HIW looks like the better value: its fair-value estimate is 8% above its share price (fairly valued). For SPG, its fair-value estimate is 33% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.