SPG vs WELL: Which Is the Better Dividend Stock?
As of June 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SPG offers the higher yield at 4.02%, WELL has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-29%).
| Metric | SPG | WELL |
|---|---|---|
| Forward yield | 4.02% | 1.38% |
| Annual dividend | $8.80 | $2.96 |
| Payout ratio | 60% | 140% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 10.3% | 2.9% |
| 5-yr total return | 68% | 158% |
| Dividend safety score | 61 (C) | 63 (C) |
| Fair value estimate | $155.61 | $79.69 |
| Upside to fair value | -29% | -63% |
| Frequency | quarterly | quarterly |
| Market cap | $83.2B | $151.2B |
| P/E ratio | 15.2 | 103.0 |
Higher yield
SPG
4.02%
Safer dividend
WELL
Grade C
Faster growth
SPG
10.3%
Better value
SPG
-29% upside
SPG vs WELL — FAQ
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