NLOP vs SPG: Which Is the Better Dividend Stock?
As of Oct 23, 2026, NLOP (Net Lease Office Properties) screens as the stronger dividend stock, winning 2 of 3 head-to-head metrics. SPG offers the higher yield at 4.20%, SPG has the higher dividend-safety score.
Key facts: NLOP vs SPG
Data as of · Source: SmarterDividends data
- By SmarterDividends' count as of Oct 23, 2026, NLOP has raised its dividend for 1 consecutive years and SPG for 5.
Cite this page
SmarterDividends, "NLOP vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 23, 2026, https://smarterdividends.com/compare/nlop-vs-spg
| Metric | NLOP | SPG |
|---|---|---|
| Forward yield | — | 4.20% |
| Annual dividend | $19.25 | $8.90 |
| Payout ratio | 0% | 62% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | — | 34% |
| Dividend safety score | — | 63 (C) |
| Fair value estimate | — | $137.69 |
| Upside to fair value | — | -35% |
| Frequency | monthly | quarterly |
| Market cap | $143.8M | $80.5B |
| P/E ratio | — | 15.0 |
Higher yield
SPG
4.20%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
NLOP vs SPG — FAQ
Is NLOP or SPG a better dividend stock?
On the data, NLOP wins more head-to-head categories (2 vs 1). SPG offers the higher yield (4.20%), 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, NLOP or SPG?
SPG has the higher forward dividend yield at 4.20%, versus — for NLOP.
Is NLOP or SPG safer?
Compare each stock's payout ratio, growth streak and cut history on its detail page to judge safety.
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.