SLG vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. SLG offers the higher yield at 4.74%, SPG has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-37%).
| Metric | SLG | SPG |
|---|---|---|
| Forward yield | 4.74% | 4.33% |
| Annual dividend | $2.47 | $8.90 |
| Payout ratio | 15375% | 62% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | -3.8% | 10.5% |
| 5-yr total return | -28% | 40% |
| Dividend safety score | 50 (C) | 63 (C) |
| Fair value estimate | $22.09 | $128.47 |
| Upside to fair value | -58% | -37% |
| Frequency | monthly | quarterly |
| Market cap | $4.1B | $77.8B |
| P/E ratio | — | 14.5 |
Higher yield
SLG
4.74%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-37% upside
SLG vs SPG — FAQ
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