SmarterDividends

PMT vs SPG: Which Is the Better Dividend Stock?

As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 7 head-to-head metrics. PMT offers the higher yield at 17.45%, SPG has the higher dividend-safety score.

MetricPMTSPG
Forward yield17.45%4.35%
Annual dividend$1.60$8.90
Payout ratio111%62%
Years of growth0 yr5 yr
5-yr dividend growth1.0%10.5%
5-yr total return-53%58%
Dividend safety score41 (D)63 (C)
Fair value estimate$146.37
Upside to fair value-29%
Frequencyquarterlyquarterly
Market cap$77.8B
P/E ratio6.414.5

Higher yield

PMT

17.45%

Safer dividend

SPG

Grade C

Faster growth

SPG

10.5%

PMT vs SPG — FAQ

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