RITM 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 8 head-to-head metrics. RITM offers the higher yield at 10.70%, SPG has the higher dividend-safety score, and RITM trades at the larger discount to fair value (+71%).
| Metric | RITM | SPG |
|---|---|---|
| Forward yield | 10.70% | 4.33% |
| Annual dividend | $1.00 | $8.90 |
| Payout ratio | 167% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 14.9% | 10.5% |
| 5-yr total return | -18% | 40% |
| Dividend safety score | 48 (D) | 63 (C) |
| Fair value estimate | $16.00 | $128.47 |
| Upside to fair value | +71% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $5.3B | $77.8B |
| P/E ratio | 15.9 | 14.5 |
Higher yield
RITM
10.70%
Safer dividend
SPG
Grade C
Faster growth
RITM
14.9%
Better value
RITM
+71% upside
RITM vs SPG — FAQ
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