MDV vs SPG: Which Is the Better Dividend Stock?
As of July 2026, MDV and SPG are closely matched. MDV offers the higher yield at 6.50%, MDV has the higher dividend-safety score, and MDV trades at the larger discount to fair value (+46%).
| Metric | MDV | SPG |
|---|---|---|
| Forward yield | 6.50% | 3.85% |
| Annual dividend | $1.20 | $8.80 |
| Payout ratio | 460% | 60% |
| Years of growth | 2 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | — | 70% |
| Dividend safety score | 64 (C) | 61 (C) |
| Fair value estimate | $26.90 | $150.64 |
| Upside to fair value | +46% | -34% |
| Frequency | monthly | quarterly |
| Market cap | $216.9M | $86.7B |
| P/E ratio | — | 15.9 |
Higher yield
MDV
6.50%
Safer dividend
MDV
Grade C
Faster growth
SPG
10.5%
Better value
MDV
+46% upside
MDV vs SPG — FAQ
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