BDN vs SPG: 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. BDN offers the higher yield at 10.56%, SPG has the higher dividend-safety score, and BDN trades at the larger discount to fair value (+10%).
| Metric | BDN | SPG |
|---|---|---|
| Forward yield | 10.56% | 4.23% |
| Annual dividend | $0.32 | $8.90 |
| Payout ratio | 543% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -7.0% | 10.5% |
| 5-yr total return | -77% | 65% |
| Dividend safety score | 47 (D) | 61 (C) |
| Fair value estimate | $3.36 | $151.60 |
| Upside to fair value | +10% | -29% |
| Frequency | quarterly | quarterly |
| Market cap | $526.8M | $80.3B |
| P/E ratio | — | 14.8 |
Higher yield
BDN
10.56%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
BDN
+10% upside
BDN vs SPG — FAQ
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