SPG vs WELL: Which Is the Better Dividend Stock?
As of August 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 4.04%, WELL has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-32%).
| Metric | SPG | WELL |
|---|---|---|
| Forward yield | 4.04% | 1.48% |
| Annual dividend | $8.90 | $3.40 |
| Payout ratio | 62% | 133% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 10.5% | 0.9% |
| 5-yr total return | 66% | 171% |
| Dividend safety score | 61 (C) | 63 (C) |
| Fair value estimate | $150.74 | $92.97 |
| Upside to fair value | -32% | -61% |
| Frequency | quarterly | quarterly |
| Market cap | $84.1B | $168.9B |
| P/E ratio | 15.6 | 103.3 |
Higher yield
SPG
4.04%
Safer dividend
WELL
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-32% upside
SPG vs WELL — FAQ
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