IRM 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. SPG offers the higher yield at 4.33%, IRM has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-37%).
| Metric | IRM | SPG |
|---|---|---|
| Forward yield | 2.96% | 4.33% |
| Annual dividend | $3.46 | $8.90 |
| Payout ratio | 240% | 62% |
| Years of growth | 3 yr | 5 yr |
| 5-yr dividend growth | 5.4% | 10.5% |
| 5-yr total return | 151% | 40% |
| Dividend safety score | 81 (A) | 63 (C) |
| Fair value estimate | $67.02 | $128.47 |
| Upside to fair value | -41% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $35.2B | $77.8B |
| P/E ratio | 82.6 | 14.5 |
Higher yield
SPG
4.33%
Safer dividend
IRM
Grade A
Faster growth
SPG
10.5%
Better value
SPG
-37% upside
IRM vs SPG — FAQ
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