SPG vs STWD: 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. STWD offers the higher yield at 12.29%, STWD has the higher dividend-safety score, and STWD trades at the larger discount to fair value (+49%).
| Metric | SPG | STWD |
|---|---|---|
| Forward yield | 4.35% | 12.29% |
| Annual dividend | $8.90 | $1.92 |
| Payout ratio | 62% | 325% |
| Years of growth | 5 yr | 0 yr |
| 5-yr dividend growth | 10.5% | 0.0% |
| 5-yr total return | 58% | -36% |
| Dividend safety score | 63 (C) | 72 (B) |
| Fair value estimate | $146.37 | $23.24 |
| Upside to fair value | -29% | +49% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $5.9B |
| P/E ratio | 14.5 | 26.5 |
Higher yield
STWD
12.29%
Safer dividend
STWD
Grade B
Faster growth
SPG
10.5%
Better value
STWD
+49% upside
SPG vs STWD — FAQ
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