MAA vs SPG: Which Is the Better Dividend Stock?
As of Nov 8, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. MAA offers the higher yield at 5.15%, MAA 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: MAA vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Mid-America Apartment Communities, Inc. (MAA) has the higher forward dividend yield at 5.15%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 8, 2026, SmarterDividends grades MAA's dividend safety A (81/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, MAA has raised its dividend for 15 consecutive years and SPG for 5.
- As of Nov 8, 2026, MAA pays out 185% of its earnings as dividends and SPG pays out 64%.
- As of Nov 8, 2026, MAA's fair-value estimate is 17% 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, "MAA vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/maa-vs-spg
| Metric | MAA | SPG |
|---|---|---|
| Forward yield | 5.15% | 4.03% |
| Annual dividend | $6.12 | $9.20 |
| Payout ratio | 185% | 64% |
| Years of growth | 15 yr | 5 yr |
| 5-yr dividend growth | 8.7% | 10.5% |
| 5-yr total return | -42% | 49% |
| Dividend safety score | 81 (A) | 63 (C) |
| Fair value estimate | $98.52 | $195.40 |
| Upside to fair value | -17% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $14.1B | $86.5B |
| P/E ratio | 36.0 | 16.5 |
Higher yield
MAA
5.15%
Safer dividend
MAA
Grade A
Faster growth
SPG
10.5%
Better value
SPG
-14% upside
MAA vs SPG — FAQ
Is MAA or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). MAA offers the higher yield (5.15%), while MAA has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, MAA or SPG?
MAA has the higher forward dividend yield at 5.15%, versus 4.03% for SPG.
Is MAA or SPG safer?
MAA has the higher dividend-safety score (81/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is MAA or SPG better value right now?
As of Nov 8, 2026, SPG looks like the better value: its fair-value estimate is 14% below its share price (fairly valued). For MAA, its fair-value estimate is 17% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.