MFA-PC vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 4 of 7 head-to-head metrics. MFA-PC offers the higher yield at 10.35%, MFA-PC has the higher dividend-safety score, and MFA-PC trades at the larger discount to fair value (+67%).
| Metric | MFA-PC | SPG |
|---|---|---|
| Forward yield | 10.35% | 3.85% |
| Annual dividend | $2.42 | $8.80 |
| Payout ratio | — | 60% |
| Years of growth | 1 yr | 5 yr |
| 5-yr dividend growth | 4.9% | 10.5% |
| 5-yr total return | -2% | 70% |
| Dividend safety score | 65 (C) | 61 (C) |
| Fair value estimate | $39.14 | $150.64 |
| Upside to fair value | +67% | -34% |
| Frequency | quarterly | quarterly |
| Market cap | — | $86.7B |
| P/E ratio | 20.1 | 15.9 |
Higher yield
MFA-PC
10.35%
Safer dividend
MFA-PC
Grade C
Faster growth
SPG
10.5%
Better value
MFA-PC
+67% upside
MFA-PC vs SPG — FAQ
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