PLD vs SPG: Which Is the Better Dividend Stock?
As of Nov 14, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. SPG offers the higher yield at 3.94%, PLD has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: PLD vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 3.94%, versus 3.33% for Prologis, Inc. (PLD).
- As of Nov 14, 2026, SmarterDividends grades PLD's dividend safety B (78/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 14, 2026, PLD has raised its dividend for 12 consecutive years and SPG for 5.
- As of Nov 14, 2026, PLD pays out 93% of its earnings as dividends and SPG pays out 64%.
- As of Nov 14, 2026, PLD's fair-value estimate is 64% below its share price and SPG's fair-value estimate is 27% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "PLD vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 14, 2026, https://smarterdividends.com/compare/pld-vs-spg
| Metric | PLD | SPG |
|---|---|---|
| Forward yield | 3.33% | 3.94% |
| Annual dividend | $4.28 | $9.20 |
| Payout ratio | 93% | 64% |
| Years of growth | 12 yr | 5 yr |
| 5-yr dividend growth | 11.7% | 10.5% |
| 5-yr total return | -15% | 52% |
| Dividend safety score | 78 (B) | 63 (C) |
| Fair value estimate | $46.30 | $169.53 |
| Upside to fair value | -64% | -27% |
| Frequency | quarterly | quarterly |
| Market cap | $125.1B | $88.2B |
| P/E ratio | 28.3 | 16.9 |
Higher yield
SPG
3.94%
Safer dividend
PLD
Grade B
Faster growth
PLD
11.7%
Better value
SPG
-27% upside
PLD vs SPG — FAQ
Is PLD or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). SPG offers the higher yield (3.94%), while PLD has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, PLD or SPG?
SPG has the higher forward dividend yield at 3.94%, versus 3.33% for PLD.
Is PLD or SPG safer?
PLD has the higher dividend-safety score (78/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is PLD or SPG better value right now?
As of Nov 14, 2026, SPG looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For PLD, its fair-value estimate is 64% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.