MRP vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 3 of 5 head-to-head metrics. MRP offers the higher yield at 10.67%, SPG has the higher dividend-safety score, and MRP trades at the larger discount to fair value (+78%).
| Metric | MRP | SPG |
|---|---|---|
| Forward yield | 10.67% | 4.33% |
| Annual dividend | $3.08 | $8.90 |
| Payout ratio | 105% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | — | 40% |
| Dividend safety score | — | 63 (C) |
| Fair value estimate | $51.29 | $128.47 |
| Upside to fair value | +78% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $4.8B | $77.8B |
| P/E ratio | 10.0 | 14.5 |
Higher yield
MRP
10.67%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
MRP
+78% upside
MRP vs SPG — FAQ
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