ADC vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. ADC offers the higher yield at 3.95%, ADC has the higher dividend-safety score, and ADC trades at the larger discount to fair value (-17%).
| Metric | ADC | SPG |
|---|---|---|
| Forward yield | 3.95% | 3.85% |
| Annual dividend | $3.20 | $8.80 |
| Payout ratio | 168% | 60% |
| Years of growth | 4 yr | 5 yr |
| 5-yr dividend growth | -15.6% | 10.5% |
| 5-yr total return | 9% | 70% |
| Dividend safety score | 62 (C) | 61 (C) |
| Fair value estimate | $67.44 | $150.64 |
| Upside to fair value | -17% | -34% |
| Frequency | monthly | quarterly |
| Market cap | $9.7B | $86.7B |
| P/E ratio | 43.8 | 15.9 |
Higher yield
ADC
3.95%
Safer dividend
ADC
Grade C
Faster growth
SPG
10.5%
Better value
ADC
-17% upside
ADC vs SPG — FAQ
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