SPG vs TOETF: Which Is the Better Dividend Stock?
As of Nov 8, 2026, TOETF (Tosei Corporation) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SPG offers the higher yield at 4.03%, TOETF has the higher dividend-safety score, and TOETF looks like the better value (its fair-value estimate is 16% above its share price).
Key facts: SPG vs TOETF
Data as of · Source: SmarterDividends data
- As of Nov 8, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 4.03%, versus 4.00% for Tosei Corporation (TOETF).
- As of Nov 8, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and TOETF's B (75/100).
- By SmarterDividends' count as of Nov 8, 2026, SPG has raised its dividend for 5 consecutive years and TOETF for 5.
- As of Nov 8, 2026, SPG pays out 64% of its earnings as dividends and TOETF pays out 31%.
- As of Nov 8, 2026, SPG's fair-value estimate is 14% below its share price and TOETF's fair-value estimate is 16% above its share price, so TOETF looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SPG vs TOETF: Dividend Yield, Safety & Value Compared," updated Nov 8, 2026, https://smarterdividends.com/compare/spg-vs-toetf
| Metric | SPG | TOETF |
|---|---|---|
| Forward yield | 4.03% | 4.00% |
| Annual dividend | $9.20 | $0.37 |
| Payout ratio | 64% | 31% |
| Years of growth | 5 yr | 5 yr |
| 5-yr dividend growth | 10.5% | 44.3% |
| 5-yr total return | 49% | 76% |
| Dividend safety score | 63 (C) | 75 (B) |
| Fair value estimate | $195.40 | $10.62 |
| Upside to fair value | -14% | +16% |
| Frequency | quarterly | annual |
| Market cap | $86.5B | $887.6M |
| P/E ratio | 16.5 | 8.4 |
Higher yield
SPG
4.03%
Safer dividend
TOETF
Grade B
Faster growth
TOETF
44.3%
Better value
TOETF
+16% upside
SPG vs TOETF — FAQ
Is SPG or TOETF a better dividend stock?
On the data, TOETF wins more head-to-head categories (5 vs 2). SPG offers the higher yield (4.03%), while TOETF has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, SPG or TOETF?
SPG has the higher forward dividend yield at 4.03%, versus 4.00% for TOETF.
Is SPG or TOETF safer?
TOETF has the higher dividend-safety score (75/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or TOETF better value right now?
As of Nov 8, 2026, TOETF looks like the better value: its fair-value estimate is 16% above its share price (undervalued). 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.