SLG vs SPG: Which Is the Better Dividend Stock?
As of July 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 4.89%, SPG has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-34%).
| Metric | SLG | SPG |
|---|---|---|
| Forward yield | 4.89% | 3.85% |
| Annual dividend | $2.52 | $8.80 |
| Payout ratio | 15375% | 60% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | -3.8% | 10.5% |
| 5-yr total return | -29% | 70% |
| Dividend safety score | 50 (C) | 61 (C) |
| Fair value estimate | $22.54 | $150.64 |
| Upside to fair value | -56% | -34% |
| Frequency | monthly | quarterly |
| Market cap | $3.9B | $86.7B |
| P/E ratio | — | 15.9 |
Higher yield
SLG
4.89%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-34% upside
SLG vs SPG — FAQ
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