Simon Property Group As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
SPG $6.00 15.4% -38.1% 5.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
REIT - Retail 4.6% 1 -1.9% Quarter 2000
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Simon Property hikes dividend by 7.7%

Simon Property Group (SPG) will hike its quarterly dividend by 7.7 percent to $1.40 per share in 2021. This follows a dividend cut of 38.1 percent to $1.30 per share. Previously, the commercial REIT last hiked its quarterly dividend by 2.4 percent to $2.10  per share in the third quarter of 2019. 

The next dividend of $1.40 per share will be payable on July 23, 2021 to shareholders of record on July 2, 2021. The new annualized dividend rate of $5.60 per share yields 4.3% at a stock price of $130.

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. Simon Property Group has paid a dividend every year to shareholders since 2000. The dividend was cut in 2009 during the financial crisis and in 2020 because of the COVID-19 pandemic.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 SRE 3.4% 5.3%
Sep 23 RL 2.5% 0.0%
Sep 23 FLS 2.3% 0.0%
Sep 23 XRAY 0.7% 10.0%
Sep 23 IFF 2.4% 2.6%
Sep 23 MDT 2.0% 8.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 LRCX 1.0% 15.4%