OLP vs SPG: Which Is the Better Dividend Stock?
As of Oct 31, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. OLP offers the higher yield at 8.07%, OLP has the higher dividend-safety score, and OLP looks like the better value (its fair-value estimate is 13% above its share price).
Key facts: OLP vs SPG
Data as of · Source: SmarterDividends data
- As of Oct 31, 2026, One Liberty Properties, Inc. (OLP) has the higher forward dividend yield at 8.07%, versus 4.09% for Simon Property Group, Inc. (SPG).
- As of Oct 31, 2026, SmarterDividends grades OLP's dividend safety B (77/100) and SPG's C (63/100).
- By SmarterDividends' count as of Oct 31, 2026, OLP has raised its dividend for 0 consecutive years and SPG for 5.
- As of Oct 31, 2026, OLP pays out 114% of its earnings as dividends and SPG pays out 62%.
- As of Oct 31, 2026, OLP's fair-value estimate is 13% above its share price and SPG's fair-value estimate is 37% below its share price, so OLP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "OLP vs SPG: Dividend Yield, Safety & Value Compared," updated Oct 31, 2026, https://smarterdividends.com/compare/olp-vs-spg
| Metric | OLP | SPG |
|---|---|---|
| Forward yield | 8.07% | 4.09% |
| Annual dividend | $1.80 | $8.90 |
| Payout ratio | 114% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.0% | 10.5% |
| 5-yr total return | -31% | 42% |
| Dividend safety score | 77 (B) | 63 (C) |
| Fair value estimate | $25.14 | $136.51 |
| Upside to fair value | +13% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $488.6M | $82.7B |
| P/E ratio | 14.1 | 15.4 |
Higher yield
OLP
8.07%
Safer dividend
OLP
Grade B
Faster growth
SPG
10.5%
Better value
OLP
+13% upside
OLP vs SPG — FAQ
Is OLP or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). OLP offers the higher yield (8.07%), while OLP has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, OLP or SPG?
OLP has the higher forward dividend yield at 8.07%, versus 4.09% for SPG.
Is OLP or SPG safer?
OLP has the higher dividend-safety score (77/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is OLP or SPG better value right now?
As of Oct 31, 2026, OLP looks like the better value: its fair-value estimate is 13% above its share price (fairly valued). For SPG, its fair-value estimate is 37% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.