O vs SPG: Which Is the Better Dividend Stock?
As of September 2026, O and SPG are closely matched. O offers the higher yield at 5.48%, O has the higher dividend-safety score, and O trades at the larger discount to fair value (-14%).
| Metric | O | SPG |
|---|---|---|
| Forward yield | 5.48% | 4.35% |
| Annual dividend | $3.26 | $8.90 |
| Payout ratio | 236% | 62% |
| Years of growth | 30 yr | 5 yr |
| 5-yr dividend growth | 3.5% | 10.5% |
| 5-yr total return | -5% | 58% |
| Dividend safety score | 87 (A) | 63 (C) |
| Fair value estimate | $50.94 | $146.37 |
| Upside to fair value | -14% | -29% |
| Frequency | monthly | quarterly |
| Market cap | $56.3B | $77.8B |
| P/E ratio | 43.4 | 14.5 |
Higher yield
O
5.48%
Safer dividend
O
Grade A
Faster growth
SPG
10.5%
Better value
O
-14% upside
O vs SPG — FAQ
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