SmarterDividends

SPG vs VNO: Which Is the Better Dividend Stock?

As of September 2026, SPG (Simon Property Group, Inc.) screens as the stronger dividend stock, winning 7 of 7 head-to-head metrics. SPG offers the higher yield at 4.33%, SPG has the higher dividend-safety score.

MetricSPGVNO
Forward yield4.33%2.12%
Annual dividend$8.90$0.74
Payout ratio62%2467%
Years of growth5 yr0 yr
5-yr dividend growth10.5%4.5%
5-yr total return40%-18%
Dividend safety score63 (C)51 (C)
Fair value estimate$128.47
Upside to fair value-37%
Frequencyquarterlyannual
Market cap$77.8B$7.3B
P/E ratio14.51186.0

Higher yield

SPG

4.33%

Safer dividend

SPG

Grade C

Faster growth

SPG

10.5%

SPG vs VNO — FAQ

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