ORC vs SPG: Which Is the Better Dividend Stock?
As of July 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. ORC offers the higher yield at 19.85%, SPG has the higher dividend-safety score, and ORC trades at the larger discount to fair value (+213%).
| Metric | ORC | SPG |
|---|---|---|
| Forward yield | 19.85% | 3.85% |
| Annual dividend | $1.36 | $8.80 |
| Payout ratio | 152% | 60% |
| Years of growth | 0 yr | 5 yr |
| 5-yr dividend growth | -18.3% | 10.5% |
| 5-yr total return | -73% | 70% |
| Dividend safety score | 43 (D) | 61 (C) |
| Fair value estimate | $21.47 | $150.64 |
| Upside to fair value | +213% | -34% |
| Frequency | monthly | quarterly |
| Market cap | $1.3B | $86.7B |
| P/E ratio | 7.2 | 15.9 |
Higher yield
ORC
19.85%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
ORC
+213% upside
ORC vs SPG — FAQ
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