REG vs SPG: Which Is the Better Dividend Stock?
As of Nov 12, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. REG offers the higher yield at 4.20%, REG has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 17% below its share price).
Key facts: REG vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 12, 2026, Regency Centers Corporation (REG) has the higher forward dividend yield at 4.20%, versus 3.92% for Simon Property Group, Inc. (SPG).
- As of Nov 12, 2026, SmarterDividends grades REG's dividend safety B (78/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 12, 2026, REG has raised its dividend for 12 consecutive years and SPG for 5.
- As of Nov 12, 2026, REG pays out 108% of its earnings as dividends and SPG pays out 64%.
- As of Nov 12, 2026, REG's fair-value estimate is 35% below its share price and SPG's fair-value estimate is 17% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "REG vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 12, 2026, https://smarterdividends.com/compare/reg-vs-spg
| Metric | REG | SPG |
|---|---|---|
| Forward yield | 4.20% | 3.92% |
| Annual dividend | $3.20 | $9.20 |
| Payout ratio | 108% | 64% |
| Years of growth | 12 yr | 5 yr |
| 5-yr dividend growth | 3.8% | 10.5% |
| 5-yr total return | 8% | 49% |
| Dividend safety score | 78 (B) | 63 (C) |
| Fair value estimate | $49.43 | $195.40 |
| Upside to fair value | -35% | -17% |
| Frequency | quarterly | quarterly |
| Market cap | $14.2B | $88.9B |
| P/E ratio | 27.3 | 16.9 |
Higher yield
REG
4.20%
Safer dividend
REG
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-17% upside
REG vs SPG — FAQ
Is REG or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (5 vs 3). REG offers the higher yield (4.20%), while REG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, REG or SPG?
REG has the higher forward dividend yield at 4.20%, versus 3.92% for SPG.
Is REG or SPG safer?
REG has the higher dividend-safety score (78/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is REG or SPG better value right now?
As of Nov 12, 2026, SPG looks like the better value: its fair-value estimate is 17% below its share price (overvalued). For REG, its fair-value estimate is 35% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.