SPG vs TRNO: Which Is the Better Dividend Stock?
As of July 2026, SPG and TRNO are closely matched. SPG offers the higher yield at 3.85%, TRNO has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-34%).
| Metric | SPG | TRNO |
|---|---|---|
| Forward yield | 3.85% | 2.77% |
| Annual dividend | $8.80 | $2.08 |
| Payout ratio | 60% | 50% |
| Years of growth | 5 yr | 14 yr |
| 5-yr dividend growth | 10.5% | 12.5% |
| 5-yr total return | 70% | 12% |
| Dividend safety score | 61 (C) | 91 (A) |
| Fair value estimate | $150.64 | $33.04 |
| Upside to fair value | -34% | -56% |
| Frequency | quarterly | quarterly |
| Market cap | $86.7B | $7.8B |
| P/E ratio | 15.9 | 18.1 |
Higher yield
SPG
3.85%
Safer dividend
TRNO
Grade A
Faster growth
TRNO
12.5%
Better value
SPG
-34% upside
SPG vs TRNO — FAQ
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