SPG vs UMH: Which Is the Better Dividend Stock?
As of Oct 18, 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. UMH offers the higher yield at 5.91%, UMH has the higher dividend-safety score, and UMH looks like the better value (its fair-value estimate is 39% above its share price).
Key facts: SPG vs UMH
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, UMH Properties, Inc. (UMH) has the higher forward dividend yield at 5.91%, versus 4.33% for Simon Property Group, Inc. (SPG).
- As of Oct 18, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and UMH's B (78/100).
- By SmarterDividends' count as of Oct 18, 2026, SPG has raised its dividend for 5 consecutive years and UMH for 5.
- As of Oct 18, 2026, SPG's fair-value estimate is 33% below its share price and UMH's fair-value estimate is 39% above its share price, so UMH looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SPG vs UMH: Dividend Yield, Safety & Value Compared," updated Oct 18, 2026, https://smarterdividends.com/compare/spg-vs-umh
| Metric | SPG | UMH |
|---|---|---|
| Forward yield | 4.33% | 5.91% |
| Annual dividend | $8.90 | $0.90 |
| Payout ratio | 62% | 750% |
| Years of growth | 5 yr | 5 yr |
| 5-yr dividend growth | 10.5% | 4.3% |
| 5-yr total return | 34% | -34% |
| Dividend safety score | 63 (C) | 78 (B) |
| Fair value estimate | $137.69 | $21.14 |
| Upside to fair value | -33% | +39% |
| Frequency | quarterly | quarterly |
| Market cap | $78.0B | $1.3B |
| P/E ratio | 14.5 | 127.0 |
Higher yield
UMH
5.91%
Safer dividend
UMH
Grade B
Faster growth
SPG
10.5%
Better value
UMH
+39% upside
SPG vs UMH — FAQ
Is SPG or UMH a better dividend stock?
On the data, SPG wins more head-to-head categories (4 vs 3). UMH offers the higher yield (5.91%), while UMH 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 UMH?
UMH has the higher forward dividend yield at 5.91%, versus 4.33% for SPG.
Is SPG or UMH safer?
UMH has the higher dividend-safety score (78/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or UMH better value right now?
As of Oct 18, 2026, UMH looks like the better value: its fair-value estimate is 39% above its share price (undervalued). 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.