NHI vs SPG: Which Is the Better Dividend Stock?
As of Oct 15, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. NHI offers the higher yield at 5.73%, SPG has the higher dividend-safety score, and NHI looks like the better value (its fair-value estimate is 10% above its share price).
Key facts: NHI vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 15, 2026, National Health Investors, Inc. (NHI) has the higher forward dividend yield at 5.73%, versus 4.44% for Simon Property Group, Inc. (SPG).
- As of Oct 15, 2026, SmarterDividends grades NHI's dividend safety C (61/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 15, 2026, NHI has raised its dividend for 1 consecutive years and SPG for 5.
- As of Oct 15, 2026, NHI pays out 106% of its earnings as dividends and SPG pays out 62%.
- As of Oct 15, 2026, NHI's fair-value estimate is 10% above its share price and SPG's fair-value estimate is 32% below its share price, so NHI looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "NHI vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 15, 2026, https://smarterdividends.com/compare/nhi-vs-spg
| Metric | NHI | SPG |
|---|---|---|
| Forward yield | 5.73% | 4.44% |
| Annual dividend | $3.68 | $8.80 |
| Payout ratio | 106% | 62% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | -3.8% | 10.5% |
| 5-yr total return | 21% | 36% |
| Dividend safety score | 61 (C) | 63 (C) |
| Fair value estimate | $72.02 | $134.83 |
| Upside to fair value | +10% | -32% |
| Frequency | quarterly | quarterly |
| Market cap | $3.2B | $75.4B |
| P/E ratio | 18.9 | 14.2 |
Higher yield
NHI
5.73%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
NHI
+10% upside
NHI vs SPG — FAQ
Is NHI or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). NHI offers the higher yield (5.73%), while SPG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, NHI or SPG?
NHI has the higher forward dividend yield at 5.73%, versus 4.44% for SPG.
Is NHI or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 61/100), reflecting stronger payout coverage and dividend-growth history.
Is NHI or SPG better value right now?
As of Oct 15, 2026, NHI looks like the better value: its fair-value estimate is 10% above its share price (fairly valued). For SPG, its fair-value estimate is 32% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.