SPG vs TOETF: Which Is the Better Dividend Stock?
As of July 2026, TOETF (TOSEI CORP/ADR) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. SPG offers the higher yield at 3.85%, TOETF has the higher dividend-safety score, and TOETF trades at the larger discount to fair value (+31%).
| Metric | SPG | TOETF |
|---|---|---|
| Forward yield | 3.85% | 3.78% |
| Annual dividend | $8.80 | $0.35 |
| Payout ratio | 60% | 30% |
| Years of growth | 5 yr | 5 yr |
| 5-yr dividend growth | 10.5% | 44.2% |
| 5-yr total return | 70% | 76% |
| Dividend safety score | 61 (C) | 75 (B) |
| Fair value estimate | $150.64 | $12.03 |
| Upside to fair value | -34% | +31% |
| Frequency | quarterly | monthly |
| Market cap | $86.7B | $887.6M |
| P/E ratio | 15.9 | 8.9 |
Higher yield
SPG
3.85%
Safer dividend
TOETF
Grade B
Faster growth
TOETF
44.2%
Better value
TOETF
+31% upside
SPG vs TOETF — FAQ
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