SPG vs WPC: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. WPC offers the higher yield at 5.34%, SPG has the higher dividend-safety score, and WPC trades at the larger discount to fair value (+1%).
| Metric | SPG | WPC |
|---|---|---|
| Forward yield | 4.25% | 5.34% |
| Annual dividend | $8.90 | $3.76 |
| Payout ratio | 62% | 127% |
| Years of growth | 5 yr | 1 yr |
| 5-yr dividend growth | 10.5% | -2.4% |
| 5-yr total return | 61% | -2% |
| Dividend safety score | 61 (C) | 51 (C) |
| Fair value estimate | $146.37 | $70.92 |
| Upside to fair value | -30% | +1% |
| Frequency | quarterly | quarterly |
| Market cap | $79.5B | $16.0B |
| P/E ratio | 14.8 | 24.1 |
Higher yield
WPC
5.34%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
WPC
+1% upside
SPG vs WPC — FAQ
Related comparisons
See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.