EQIX vs SPG: Dividend Comparison
Dividend data as of
Equinix Inc (EQIX) and Simon Property Group Inc. (SPG) are both in the Real Estate sector, making them natural rivals for dividend investors. SPG offers a significantly higher 4.36% yield compared to EQIX's 2.14%, a gap of 2.22%. For dividend growth, EQIX leads with a 5-year CAGR of 13.1% versus SPG's 10.0%. EQIX holds the edge in dividend safety with a "Safe" rating. EQIX is a Dividend Challenger with 9 years of consecutive increases.
Verdict
Yield Analysis
SPG yields 2.22% more than EQIX. In dollar terms, EQIX pays $18.33/share vs SPG's $8.55/share annually.
Dividend Growth
EQIX: Dividend growth is accelerating — the 3-year CAGR of 13.8% exceeds the 5-year rate of 13.1% and the 10-year rate of 11.6%.
SPG: Dividend growth is slowing — the 3-year CAGR of 7.1% trails the 5-year rate of 10.0% and the 10-year rate of 6.4%.
Dividend Safety
EQIX: The payout ratio of 2% is well within sustainable levels, leaving room for future increases. Earnings cover the dividend 0.6x.
SPG: The payout ratio of 60% is moderate. The dividend is currently covered by earnings but leaves less room for growth. Earnings cover the dividend 1.7x.
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in EQIX vs SPG today?
At $954.92 per share, $10,000 buys about 10.5 shares of Equinix Inc (EQIX). Each share pays $18.33 per year in dividends, so the position starts out generating roughly $192 per year — about $16 a month.
At $197.66 per share, $10,000 buys about 50.6 shares of Simon Property Group Inc. (SPG). Each share pays $8.55 per year in dividends, so the position starts out generating roughly $433 per year — about $36 a month.
SPG is the larger income stream from day one: $241 per year more on the same $10,000 invested.
What could $10,000 of EQIX or SPG income look like in 10 years?
Equinix Inc (EQIX) has raised its dividend about 13.1% a year over the past five years. If that pace held, the $214 per year that $10,000 generates today at the current 2.14% yield would reach $730 per year by 2036 — a 7.3% yield on the original cost.
Simon Property Group Inc. (SPG) has raised its dividend about 10.0% a year over the past five years. If that pace held, the $436 per year that $10,000 generates today at the current 4.36% yield would reach $1,125 per year by 2036 — a 11.2% yield on the original cost.
On those trailing rates, SPG pays more in 2036: $1,125 versus $730 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would EQIX's dividend growth overtake SPG's higher yield?
Equinix Inc (EQIX) yields less today (2.14% vs 4.36%) but has grown its dividend faster — 13.1% vs 10.0% a year over the past five years. If both trends continued, a $10,000 position in EQIX would start out-earning the same position in SPG around 2052 (roughly 26 years from now), paying about $5,204 per year at the crossover. Before that point, SPG pays more each year; after it, the gap compounds in EQIX's favor.
Can EQIX and SPG afford their dividends?
Equinix Inc (EQIX) earns $10.89 per share against $18.33 paid out in dividends — 0.6x coverage (a 2% payout ratio).
Simon Property Group Inc. (SPG) earns $14.17 per share against $8.55 paid out in dividends — 1.7x coverage (a 60% payout ratio).
SPG's wider coverage leaves more cushion if earnings dip. As a rule of thumb, coverage below about 1.5x (a payout ratio above ~65%) is where a dividend starts to look stretched — worth watching for EQIX if earnings weaken.
Which fits an early-retirement income portfolio better, EQIX or SPG?
For income you need right now, Simon Property Group Inc. (SPG) leads: $100,000 invested today pays about $363 a month at the current 4.36% yield, versus $178 a month from Equinix Inc (EQIX) at 2.14%.
With a decade or more before the income is needed, EQIX's faster dividend growth (13.1% vs 10.0% a year) matters more than the starting yield — raises compound into the larger paycheck over time.
On consistency: EQIX has raised its dividend 9 consecutive years; SPG has raised its dividend 4 consecutive years.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $902/yr in EQIX vs $1,722/yr in SPG by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
Track EQIX and SPG in your portfolio
See your real income from both — forward projections, yield on cost, and dividend safety signals. Sync your brokerage free for 30 days, or track holdings manually on the free plan.
Frequently Asked Questions
Related Resources
Individual Stock Analysis
Dividend Tools
Track Your Dividends
More Comparisons
This tool is for educational and informational purposes only and does not constitute investment, financial, tax, or legal advice. Consult a licensed professional before making investment decisions.
Past performance does not guarantee future results. All projections are hypothetical estimates based on user-provided inputs and may differ materially from actual outcomes.
By using this tool you agree to our Terms of Service and Privacy Policy.