KIM vs SPG: Which Is the Better Dividend Stock?
As of Oct 22, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. KIM offers the higher yield at 4.93%, SPG has the higher dividend-safety score, and KIM looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: KIM vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 22, 2026, Kimco Realty Corporation (KIM) has the higher forward dividend yield at 4.93%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 22, 2026, SmarterDividends grades KIM's dividend safety C (61/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 22, 2026, KIM has raised its dividend for 1 consecutive years and SPG for 5.
- As of Oct 22, 2026, KIM pays out 121% of its earnings as dividends and SPG pays out 62%.
- As of Oct 22, 2026, KIM's fair-value estimate is 14% below its share price and SPG's fair-value estimate is 33% below its share price, so KIM looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "KIM vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 22, 2026, https://smarterdividends.com/compare/kim-vs-spg
| Metric | KIM | SPG |
|---|---|---|
| Forward yield | 4.93% | 4.33% |
| Annual dividend | $1.12 | $8.90 |
| Payout ratio | 121% | 62% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | 14.2% | 10.5% |
| 5-yr total return | 2% | 34% |
| Dividend safety score | 61 (C) | 63 (C) |
| Fair value estimate | $19.57 | $137.69 |
| Upside to fair value | -14% | -33% |
| Frequency | quarterly | quarterly |
| Market cap | $15.2B | $78.0B |
| P/E ratio | 26.7 | 14.5 |
Higher yield
KIM
4.93%
Safer dividend
SPG
Grade C
Faster growth
KIM
14.2%
Better value
KIM
-14% upside
KIM vs SPG — FAQ
Is KIM or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). KIM offers the higher yield (4.93%), 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, KIM or SPG?
KIM has the higher forward dividend yield at 4.93%, versus 4.33% for SPG.
Is KIM or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is KIM or SPG better value right now?
As of Oct 22, 2026, KIM looks like the better value: its fair-value estimate is 14% below 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.