OLP vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 5 of 8 head-to-head metrics. OLP offers the higher yield at 7.76%, OLP has the higher dividend-safety score, and OLP trades at the larger discount to fair value (+4%).
| Metric | OLP | SPG |
|---|---|---|
| Forward yield | 7.76% | 4.35% |
| Annual dividend | $1.80 | $8.90 |
| Payout ratio | 114% | 62% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | 0.0% | 10.5% |
| 5-yr total return | -24% | 58% |
| Dividend safety score | 76 (B) | 63 (C) |
| Fair value estimate | $24.05 | $146.37 |
| Upside to fair value | +4% | -29% |
| Frequency | quarterly | quarterly |
| Market cap | $508.1M | $77.8B |
| P/E ratio | 14.7 | 14.5 |
Higher yield
OLP
7.76%
Safer dividend
OLP
Grade B
Faster growth
SPG
10.5%
Better value
OLP
+4% upside
OLP vs SPG — FAQ
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