SPG vs VMRK: Which Is the Better Dividend Stock?
As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. SPG offers the higher yield at 4.33%, VMRK has the higher dividend-safety score, and VMRK trades at the larger discount to fair value (+43%).
| Metric | SPG | VMRK |
|---|---|---|
| Forward yield | 4.33% | 4.16% |
| Annual dividend | $8.90 | $2.55 |
| Payout ratio | 62% | 97% |
| Years of growth | 5 yr | 4 yr |
| 5-yr dividend growth | 10.5% | 2.7% |
| 5-yr total return | 40% | -29% |
| Dividend safety score | 63 (C) | 70 (B) |
| Fair value estimate | $128.47 | $87.64 |
| Upside to fair value | -37% | +43% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $47.5B |
| P/E ratio | 14.5 | 23.5 |
Higher yield
SPG
4.33%
Safer dividend
VMRK
Grade B
Faster growth
SPG
10.5%
Better value
VMRK
+43% upside
SPG vs VMRK — FAQ
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