PECO vs SPG: Which Is the Better Dividend Stock?
As of Nov 5, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SPG offers the higher yield at 3.90%, PECO has the higher dividend-safety score, and PECO looks like the better value (its fair-value estimate is 3% below its share price).
Key facts: PECO vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 3.90%, versus 3.35% for Phillips Edison & Company, Inc. (PECO).
- As of Nov 5, 2026, SmarterDividends grades PECO's dividend safety B (70/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 5, 2026, PECO has raised its dividend for 4 consecutive years and SPG for 5.
- As of Nov 5, 2026, PECO pays out 83% of its earnings as dividends and SPG pays out 62%.
- As of Nov 5, 2026, PECO's fair-value estimate is 3% below its share price and SPG's fair-value estimate is 40% below its share price, so PECO looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PECO vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/peco-vs-spg
| Metric | PECO | SPG |
|---|---|---|
| Forward yield | 3.35% | 3.90% |
| Annual dividend | $1.38 | $8.90 |
| Payout ratio | 83% | 62% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | — | 10.5% |
| 5-yr total return | 24% | 42% |
| Dividend safety score | 70 (B) | 63 (C) |
| Fair value estimate | $39.60 | $136.51 |
| Upside to fair value | -3% | -40% |
| Frequency | monthly | quarterly |
| Market cap | $5.8B | $86.6B |
| P/E ratio | 28.7 | 16.1 |
Higher yield
SPG
3.90%
Safer dividend
PECO
Grade B
Faster growth
SPG
10.5%
Better value
PECO
-3% upside
PECO vs SPG — FAQ
Is PECO or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 2). SPG offers the higher yield (3.90%), while PECO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, PECO or SPG?
SPG has the higher forward dividend yield at 3.90%, versus 3.35% for PECO.
Is PECO or SPG safer?
PECO has the higher dividend-safety score (70/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is PECO or SPG better value right now?
As of Nov 5, 2026, PECO looks like the better value: its fair-value estimate is 3% below its share price (fairly valued). For SPG, its fair-value estimate is 40% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.