O vs SPG: Which Is the Better Dividend Stock?
As of July 2026, O and SPG are closely matched. O offers the higher yield at 4.95%, O has the higher dividend-safety score, and O trades at the larger discount to fair value (-9%).
| Metric | O | SPG |
|---|---|---|
| Forward yield | 4.95% | 3.72% |
| Annual dividend | $3.25 | $8.80 |
| Payout ratio | 265% | 60% |
| Years of growth | 30 yr | 5 yr |
| 5-yr dividend growth | 3.5% | 10.5% |
| 5-yr total return | -6% | 71% |
| Dividend safety score | 87 (A) | 61 (C) |
| Fair value estimate | $59.60 | $150.64 |
| Upside to fair value | -9% | -34% |
| Frequency | monthly | quarterly |
| Market cap | $61.1B | $89.5B |
| P/E ratio | 53.7 | 16.4 |
Higher yield
O
4.95%
Safer dividend
O
Grade A
Faster growth
SPG
10.5%
Better value
O
-9% upside
O vs SPG — FAQ
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