REG vs SPG: Which Is the Better Dividend Stock?
As of July 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 3.85%, REG has the higher dividend-safety score, and REG trades at the larger discount to fair value (-15%).
| Metric | REG | SPG |
|---|---|---|
| Forward yield | 3.65% | 3.85% |
| Annual dividend | $3.02 | $8.80 |
| Payout ratio | 100% | 60% |
| Years of growth | 12 yr | 5 yr |
| 5-yr dividend growth | 3.8% | 10.5% |
| 5-yr total return | 20% | 70% |
| Dividend safety score | 77 (B) | 61 (C) |
| Fair value estimate | $70.00 | $150.64 |
| Upside to fair value | -15% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | $15.4B | $86.7B |
| P/E ratio | 28.4 | 15.9 |
Higher yield
SPG
3.85%
Safer dividend
REG
Grade B
Faster growth
SPG
10.5%
Better value
REG
-15% upside
REG vs SPG — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.