SmarterDividends

PECO vs SPG: Which Is the Better Dividend Stock?

As of September 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 4.34%, PECO has the higher dividend-safety score, and PECO trades at the larger discount to fair value (+23%).

MetricPECOSPG
Forward yield3.59%4.34%
Annual dividend$1.38$8.90
Payout ratio113%62%
Years of growth4 yr5 yr
5-yr dividend growth10.5%
5-yr total return25%58%
Dividend safety score66 (B)63 (C)
Fair value estimate$47.43$146.37
Upside to fair value+23%-29%
Frequencymonthlyquarterly
Market cap$5.4B$77.5B
P/E ratio33.614.5

Higher yield

SPG

4.34%

Safer dividend

PECO

Grade B

Faster growth

SPG

10.5%

Better value

PECO

+23% upside

PECO vs SPG — FAQ

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