MAA vs SPG: Which Is the Better Dividend Stock?
As of July 2026, MAA and SPG are closely matched. MAA offers the higher yield at 4.60%, MAA has the higher dividend-safety score, and MAA trades at the larger discount to fair value (+23%).
| Metric | MAA | SPG |
|---|---|---|
| Forward yield | 4.60% | 3.85% |
| Annual dividend | $6.12 | $8.80 |
| Payout ratio | 184% | 60% |
| Years of growth | 15 yr | 5 yr |
| 5-yr dividend growth | 8.7% | 10.5% |
| 5-yr total return | -31% | 70% |
| Dividend safety score | 83 (A) | 61 (C) |
| Fair value estimate | $164.06 | $150.64 |
| Upside to fair value | +23% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $16.0B | $86.7B |
| P/E ratio | 40.3 | 15.9 |
Higher yield
MAA
4.60%
Safer dividend
MAA
Grade A
Faster growth
SPG
10.5%
Better value
MAA
+23% upside
MAA vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.