SPG vs UE: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 7 of 8 head-to-head metrics. SPG offers the higher yield at 4.33%, SPG has the higher dividend-safety score, and UE looks like the better value (its fair-value estimate is 2% below its share price).
Key facts: SPG vs UE
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 4.33%, versus 4.31% for Urban Edge Properties (UE).
- As of Oct 18, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and UE's C (52/100).
- By SmarterDividends' count as of Oct 18, 2026, SPG has raised its dividend for 5 consecutive years and UE for 2.
- As of Oct 18, 2026, SPG pays out 62% of its earnings as dividends and UE pays out 151%.
- As of Oct 18, 2026, SPG's fair-value estimate is 33% below its share price and UE's fair-value estimate is 2% below its share price, so UE looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SPG vs UE: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/spg-vs-ue
| Metric | SPG | UE |
|---|---|---|
| Forward yield | 4.33% | 4.31% |
| Annual dividend | $8.90 | $0.84 |
| Payout ratio | 62% | 151% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 10.5% | -11.0% |
| 5-yr total return | 34% | 13% |
| Dividend safety score | 63 (C) | 52 (C) |
| Fair value estimate | $137.69 | $19.11 |
| Upside to fair value | -33% | -2% |
| Frequency | quarterly | quarterly |
| Market cap | $78.0B | $2.7B |
| P/E ratio | 14.5 | 36.8 |
Higher yield
SPG
4.33%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
UE
-2% upside
SPG vs UE — FAQ
Is SPG or UE a better dividend stock?
On the data, SPG wins more head-to-head categories (7 vs 1). SPG offers the higher yield (4.33%), while SPG 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 UE?
SPG has the higher forward dividend yield at 4.33%, versus 4.31% for UE.
Is SPG or UE safer?
SPG has the higher dividend-safety score (63/100 vs 52/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or UE better value right now?
As of Oct 18, 2026, UE looks like the better value: its fair-value estimate is 2% below its share price (fairly valued). For SPG, its fair-value estimate is 33% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.