RYN vs SPG: Which Is the Better Dividend Stock?
As of Nov 8, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. RYN offers the higher yield at 4.83%, SPG has the higher dividend-safety score, and RYN looks like the better value (its fair-value estimate is 5% above its share price).
Key facts: RYN vs SPG
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Rayonier Inc. (RYN) has the higher forward dividend yield at 4.83%, versus 4.03% for Simon Property Group, Inc. (SPG).
- As of Nov 8, 2026, SmarterDividends grades RYN's dividend safety C (53/100) and SPG's C (63/100).
- By SmarterDividends' count as of Nov 8, 2026, RYN has raised its dividend for 0 consecutive years and SPG for 5.
- As of Nov 8, 2026, RYN pays out 232% of its earnings as dividends and SPG pays out 64%.
- As of Nov 8, 2026, RYN's fair-value estimate is 5% above its share price and SPG's fair-value estimate is 14% below its share price, so RYN looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "RYN vs SPG: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/ryn-vs-spg
| Metric | RYN | SPG |
|---|---|---|
| Forward yield | 4.83% | 4.03% |
| Annual dividend | $1.04 | $9.20 |
| Payout ratio | 232% | 64% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.2% | 10.5% |
| 5-yr total return | -43% | 49% |
| Dividend safety score | 53 (C) | 63 (C) |
| Fair value estimate | $22.56 | $195.40 |
| Upside to fair value | +5% | -14% |
| Frequency | quarterly | quarterly |
| Market cap | $6.4B | $86.5B |
| P/E ratio | 34.8 | 16.5 |
Higher yield
RYN
4.83%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
RYN
+5% upside
RYN vs SPG — FAQ
Is RYN or SPG a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). RYN offers the higher yield (4.83%), while SPG has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, RYN or SPG?
RYN has the higher forward dividend yield at 4.83%, versus 4.03% for SPG.
Is RYN or SPG safer?
SPG has the higher dividend-safety score (63/100 vs 53/100), reflecting stronger payout coverage and dividend-growth history.
Is RYN or SPG better value right now?
As of Nov 8, 2026, RYN looks like the better value: its fair-value estimate is 5% above its share price (fairly valued). For SPG, its fair-value estimate is 14% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.