LTC vs SPG: Which Is the Better Dividend Stock?
As of Nov 9, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. LTC offers the higher yield at 5.09%, LTC has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 14% below its share price).
Key facts: LTC vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 9, 2026, LTC Properties, Inc. (LTC) has the higher forward dividend yield at 5.09%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 9, 2026, SmarterDividends grades LTC's dividend safety A (95/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 9, 2026, LTC has raised its dividend for 0 consecutive years and SPG for 5.
- As of Nov 9, 2026, LTC pays out 23% of its earnings as dividends and SPG pays out 64%.
- As of Nov 9, 2026, LTC's fair-value estimate is 18% below its share price and SPG's fair-value estimate is 14% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "LTC vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 9, 2026, https://smarterdividends.com/compare/ltc-vs-spg
| Metric | LTC | SPG |
|---|---|---|
| Forward yield | 5.09% | 4.03% |
| Annual dividend | $2.28 | $9.20 |
| Payout ratio | 23% | 64% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.0% | 10.5% |
| 5-yr total return | 41% | 49% |
| Dividend safety score | 95 (A) | 63 (C) |
| Fair value estimate | $36.70 | $195.40 |
| Upside to fair value | -18% | -14% |
| Frequency | monthly | quarterly |
| Market cap | $2.5B | $86.5B |
| P/E ratio | 4.5 | 16.5 |
Higher yield
LTC
5.09%
Safer dividend
LTC
Grade A
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
LTC vs SPG — FAQ
Is LTC or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). LTC offers the higher yield (5.09%), while LTC has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, LTC or SPG?
LTC has the higher forward dividend yield at 5.09%, versus 4.03% for SPG.
Is LTC or SPG safer?
LTC has the higher dividend-safety score (95/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is LTC or SPG better value right now?
As of Nov 9, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For LTC, its fair-value estimate is 18% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.