SPG vs UNBLF: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. UNBLF offers the higher yield at 4.89%, SPG has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-37%).
| Metric | SPG | UNBLF |
|---|---|---|
| Forward yield | 4.34% | 4.89% |
| Annual dividend | $8.90 | $5.24 |
| Payout ratio | 62% | 42% |
| Years of growth | 5 yr | 1 yr |
| 5-yr dividend growth | 10.5% | -7.3% |
| 5-yr total return | 40% | 63% |
| Dividend safety score | 63 (C) | 51 (C) |
| Fair value estimate | $128.47 | $67.28 |
| Upside to fair value | -37% | -43% |
| Frequency | quarterly | annual |
| Market cap | $78.2B | $16.2B |
| P/E ratio | 14.5 | 9.1 |
Higher yield
UNBLF
4.89%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-37% upside
SPG vs UNBLF — FAQ
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