SPG vs WELL: Which Is the Better Dividend Stock?
As of Nov 14, 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 3.94%, WELL has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 27% below its share price).
Key facts: SPG vs WELL
Data as of · Source: SmarterDividends data
- As of Nov 14, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 3.94%, versus 1.39% for Welltower Inc. (WELL).
- As of Nov 14, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and WELL's C (65/100).
- By SmarterDividends' count as of Nov 14, 2026, SPG has raised its dividend for 5 consecutive years and WELL for 2.
- As of Nov 14, 2026, SPG pays out 64% of its earnings as dividends and WELL pays out 130%.
- As of Nov 14, 2026, SPG's fair-value estimate is 27% below its share price and WELL's fair-value estimate is 62% below its share price, so SPG looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "SPG vs WELL: Dividend Yield, Safety & Value Compared," updated Nov 14, 2026, https://smarterdividends.com/compare/spg-vs-well
| Metric | SPG | WELL |
|---|---|---|
| Forward yield | 3.94% | 1.39% |
| Annual dividend | $9.20 | $3.40 |
| Payout ratio | 64% | 130% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 10.5% | 0.9% |
| 5-yr total return | 52% | 207% |
| Dividend safety score | 63 (C) | 65 (C) |
| Fair value estimate | $169.53 | $93.33 |
| Upside to fair value | -27% | -62% |
| Frequency | quarterly | quarterly |
| Market cap | $88.2B | $179.3B |
| P/E ratio | 16.9 | 103.6 |
Higher yield
SPG
3.94%
Safer dividend
WELL
Grade C
Faster growth
SPG
10.5%
Better value
SPG
-27% upside
SPG vs WELL — FAQ
Is SPG or WELL a better dividend stock?
On the data, SPG wins more head-to-head categories (6 vs 2). SPG offers the higher yield (3.94%), while WELL 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 WELL?
SPG has the higher forward dividend yield at 3.94%, versus 1.39% for WELL.
Is SPG or WELL safer?
WELL has the higher dividend-safety score (65/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or WELL better value right now?
As of Nov 14, 2026, SPG looks like the better value: its fair-value estimate is 27% below its share price (overvalued). For WELL, its fair-value estimate is 62% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.