Simon Property Group As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
SPG $7.60 5.6% 9.1% 26.9%
Business yield Hike yrs 5 yr CAGR freq. paid since
Retail REIT 7.2% 3 -1.0% Quarter 2000

Simon Property Group (SPG) will raise its quarterly dividend to $1.85 per share.

The dividend will be payable on November 30, 2017 to stockholders of record on November 16, 2017. 

"I am very pleased with our quarterly results including our cash flow growth and continued solid operating metrics," said David Simon, Chairman and Chief Executive Officer.  "We also continue to strengthen our real estate platform through our redevelopments and selected new developments.  We are pleased to again announce an increase in our quarterly dividend to $1.85 per share, a year-over-year increase of 12.1%."

The Company will pay $7.15 per share in common stock dividends in 2017, a 10.0% increase year-over-year. Today's dividend increase is the third for Simon Property in 2017.

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.