SPG vs TWO: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. TWO offers the higher yield at 11.17%, SPG has the higher dividend-safety score, and TWO trades at the larger discount to fair value (+141%).
| Metric | SPG | TWO |
|---|---|---|
| Forward yield | 4.35% | 11.17% |
| Annual dividend | $8.90 | $1.36 |
| Payout ratio | 62% | 76% |
| Years of growth | 5 yr | 0 yr |
| 5-yr dividend growth | 10.5% | -4.0% |
| 5-yr total return | 58% | — |
| Dividend safety score | 63 (C) | 40 (D) |
| Fair value estimate | $146.37 | $29.38 |
| Upside to fair value | -29% | +141% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $1.3B |
| P/E ratio | 14.5 | — |
Higher yield
TWO
11.17%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
TWO
+141% upside
SPG vs TWO — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.