SPG vs WELL: Which Is the Better Dividend Stock?
As of Oct 16, 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 4.38%, WELL has the higher dividend-safety score, and SPG looks like the better value (its fair-value estimate is 34% below its share price).
Key facts: SPG vs WELL
Data as of · Source: SmarterDividends data
- As of Oct 16, 2026, Simon Property Group, Inc. (SPG) has the higher forward dividend yield at 4.38%, versus 1.45% for Welltower Inc. (WELL).
- As of Oct 16, 2026, SmarterDividends grades SPG's dividend safety C (63/100) and WELL's B (66/100).
- By SmarterDividends' count as of Oct 16, 2026, SPG has raised its dividend for 5 consecutive years and WELL for 2.
- As of Oct 16, 2026, SPG pays out 62% of its earnings as dividends and WELL pays out 133%.
- As of Oct 16, 2026, SPG's fair-value estimate is 34% below its share price and WELL's fair-value estimate is 59% 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 Oct 16, 2026, https://smarterdividends.com/compare/spg-vs-well
| Metric | SPG | WELL |
|---|---|---|
| Forward yield | 4.38% | 1.45% |
| Annual dividend | $8.80 | $3.07 |
| Payout ratio | 62% | 133% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 10.5% | 0.9% |
| 5-yr total return | 36% | 180% |
| Dividend safety score | 63 (C) | 66 (B) |
| Fair value estimate | $134.83 | $96.91 |
| Upside to fair value | -34% | -59% |
| Frequency | quarterly | quarterly |
| Market cap | $77.2B | $169.1B |
| P/E ratio | 14.4 | 105.2 |
Higher yield
SPG
4.38%
Safer dividend
WELL
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-34% 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 (4.38%), 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 4.38%, versus 1.45% for WELL.
Is SPG or WELL safer?
WELL has the higher dividend-safety score (66/100 vs 63/100), reflecting stronger payout coverage and dividend-growth history.
Is SPG or WELL better value right now?
As of Oct 16, 2026, SPG looks like the better value: its fair-value estimate is 34% below its share price (overvalued). For WELL, its fair-value estimate is 59% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.