SBAC vs SPG: Which Is the Better Dividend Stock?
As of September 2026, SBAC and SPG are closely matched. SPG offers the higher yield at 4.33%, SBAC has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-37%).
| Metric | SBAC | SPG |
|---|---|---|
| Forward yield | 2.80% | 4.33% |
| Annual dividend | $5.00 | $8.90 |
| Payout ratio | 51% | 62% |
| Years of growth | 6 yr | 5 yr |
| 5-yr dividend growth | 19.0% | 10.5% |
| 5-yr total return | -48% | 40% |
| Dividend safety score | 68 (B) | 63 (C) |
| Fair value estimate | $110.67 | $128.47 |
| Upside to fair value | -38% | -37% |
| Frequency | quarterly | quarterly |
| Market cap | $18.7B | $77.8B |
| P/E ratio | 19.0 | 14.5 |
Higher yield
SPG
4.33%
Safer dividend
SBAC
Grade B
Faster growth
SBAC
19.0%
Better value
SPG
-37% upside
SBAC vs SPG — FAQ
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