Simon Property Group (SPG) will raise its quarterly dividend to $1.65 per share.
The estimated dividend yield for Simon Property is 2.9%.
Simon Property Group, Inc. is a real estate investment trust (REIT). The Company owns real estate properties across North America, Europe and Asia, which consist primarily of malls, Premium Outlets and The Mills. Simon Property is the largest shareholder in Klépierre, a French REIT and one of Europe's biggest publicly traded mall operators.