Simon Property Group increases dividend by another 2.4 percent in 2019 Dividendhike.com | Dividend News and Statistics for US Equities

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

Simon Property hikes dividend by 2.4%

Wednesday 31 July 2019

Simon Property Group (SPG) will raise its quarterly dividend by another 2.4 percent to $2.10 per share in the third quarter of 2019. This brings the total dividend increase this year to exactly 5.0 percent.

The dividend will be payable on August 30, 2019 to shareholders of record on August 16, 2019. A new annualized dividend rate of $8.40 per share yields 5.3% at a stock price of $154.08.

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.

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