SPG vs VTR: 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%, SPG has the higher dividend-safety score, and VTR trades at the larger discount to fair value (-32%).
| Metric | SPG | VTR |
|---|---|---|
| Forward yield | 4.33% | 2.40% |
| Annual dividend | $8.90 | $2.08 |
| Payout ratio | 62% | 364% |
| Years of growth | 5 yr | 1 yr |
| 5-yr dividend growth | 10.5% | 1.3% |
| 5-yr total return | 40% | 62% |
| Dividend safety score | 63 (C) | 60 (C) |
| Fair value estimate | $128.47 | $59.00 |
| Upside to fair value | -37% | -32% |
| Frequency | quarterly | quarterly |
| Market cap | $77.8B | $44.6B |
| P/E ratio | 14.5 | 158.2 |
Higher yield
SPG
4.33%
Safer dividend
SPG
Grade C
Faster growth
SPG
10.5%
Better value
VTR
-32% upside
SPG vs VTR — FAQ
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