SPG vs WELL: Which Is the Better Dividend Stock?
As of August 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 4.02%, WELL has the higher dividend-safety score, and SPG trades at the larger discount to fair value (-31%).
| Metric | SPG | WELL |
|---|---|---|
| Forward yield | 4.02% | 1.44% |
| Annual dividend | $8.90 | $3.40 |
| Payout ratio | 62% | 133% |
| Years of growth | 5 yr | 2 yr |
| 5-yr dividend growth | 10.5% | 0.9% |
| 5-yr total return | 69% | 186% |
| Dividend safety score | 61 (C) | 66 (B) |
| Fair value estimate | $152.45 | $92.97 |
| Upside to fair value | -31% | -61% |
| Frequency | quarterly | quarterly |
| Market cap | $83.4B | $169.7B |
| P/E ratio | 62.0 | 105.1 |
Higher yield
SPG
4.02%
Safer dividend
WELL
Grade B
Faster growth
SPG
10.5%
Better value
SPG
-31% upside
SPG vs WELL — FAQ
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