SPG vs WELL: Which Is the Better Dividend Stock?
As of Sep 29, 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 4.35%, WELL has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 37% below its share price).
Key facts: SPG vs WELL
Data as of · Source: SmarterDividends data
- As of Sep 29, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 4.35%, versus 1.47% for Welltower Inc. (WELL).
- As of Sep 29, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and WELL's B (66/100).
- By SmarterDividends' count as of Sep 29, 2026, SPG has raised its dividend for 5 consecutive years and WELL for 2.
- As of Sep 29, 2026, SPG pays out 62% of its earnings as dividends and WELL pays out 133%.
- As of Sep 29, 2026, SPG's fair-value estimate is 37% below its share price and WELL's fair-value estimate is 60% 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 Sep 29, 2026, https://smarterdividends.com/compare/spg-vs-well
| Metric | SPG | WELL |
|---|---|---|
| Forward yield | 4.35% | 1.47% |
| 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 | 40% | 188% |
| Dividend safety score | 63 (C) | 66 (B) |
| Fair value estimate | $128.47 | $93.23 |
| Upside to fair value | -37% | -60% |
| Frequency | quarterly | quarterly |
| Market cap | $77.6B | $167.9B |
| P/E ratio | 14.5 | 104.5 |
Higher yield
SPG
4.35%
Safer dividend
WELL
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-37% upside
SPG vs WELL — FAQ
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