SPG vs TRNO: Which Is the Better Dividend Stock?
As of September 2026, SPG and TRNO are closely matched. SPG offers the higher yield at 4.34%, TRNO has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-37%).
| Metric | SPG | TRNO |
|---|---|---|
| Forward yield | 4.34% | 3.43% |
| Annual dividend | $8.90 | $2.28 |
| Payout ratio | 62% | 56% |
| Years of growth | 5 yr | 14 yr |
| 5-yr dividend growth | 10.5% | 12.5% |
| 5-yr total return | 40% | -10% |
| Dividend safety score | 63 (C) | 88 (A) |
| Fair value estimate | $128.47 | $39.70 |
| Upside to fair value | -37% | -40% |
| Frequency | quarterly | quarterly |
| Market cap | $78.2B | $7.2B |
| P/E ratio | 14.5 | 17.8 |
Higher yield
SPG
4.34%
Safer dividend
TRNO
Grade A
Faster growth
TRNO
12.5%
Better value
SPG
-37% upside
SPG vs TRNO — FAQ
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