RYN 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 8 head-to-head metrics. RYN offers the higher yield at 5.16%, SPG has the higher dividend-safety score, and RYN trades at the larger discount to fair value (-31%).
| Metric | RYN | SPG |
|---|---|---|
| Forward yield | 5.16% | 4.33% |
| Annual dividend | $1.04 | $8.90 |
| Payout ratio | 232% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.2% | 10.5% |
| 5-yr total return | -46% | 40% |
| Dividend safety score | 53 (C) | 63 (C) |
| Fair value estimate | $13.92 | $128.47 |
| Upside to fair value | -31% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $6.0B | $77.8B |
| P/E ratio | 43.5 | 14.5 |
Higher yield
RYN
5.16%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
RYN
-31% upside
RYN vs SPG — FAQ
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