MDV vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 6 head-to-head metrics. MDV offers the higher yield at 6.59%, SPG has the higher dividend-safety score, and MDV trades at the larger discount to fair value (+49%).
| Metric | MDV | SPG |
|---|---|---|
| Forward yield | 6.59% | 4.33% |
| Annual dividend | $1.20 | $8.90 |
| Payout ratio | 460% | 62% |
| Years of growth | 2 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | — | 40% |
| Dividend safety score | 57 (C) | 63 (C) |
| Fair value estimate | $26.90 | $128.47 |
| Upside to fair value | +49% | -37% |
| Frequency | monthly | quarterly |
| Market cap | $215.1M | $77.9B |
| P/E ratio | 50.1 | 14.5 |
Higher yield
MDV
6.59%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
MDV
+49% upside
MDV vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.