Simon Property Group As of May 18, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
SPG $6.80 3.0% 26.9% -38.1%
Business yield Hike yrs 5 yr CAGR freq. paid since
Retail REIT 6.0% 2 -1.7% Quarter 2000
Simon Property hikes dividend by 3%

Simon Property Group (SPG) will hike its quarterly dividend by 3 percent to $1.70 per share. 

Simon's Board of Directors declared a quarterly common stock dividend of $1.70 on May 9, 2022, for the second quarter of 2022.  This is a 21.4% increase year-over-year.  The dividend will be payable on June 30, 2022 to shareholders of record on June 9, 2022. The new annualized dividend rate of $6.80 per share yields 5.8% at a stock price of $118 for SPG. 

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

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Ex-date Ticker Yield YTD hike
May 25 XYL 1.5% 7.1%
May 25 AMAT 0.9% 8.3%
May 25 DFS 1.9% 0.0%
May 26 FTV 0.5% 0.0%
May 26 IP 3.8% 0.0%
May 26 HII 2.3% 0.0%
May 26 HLT 0.5% 0.0%
May 26 MAS 2.1% 19.1%
May 26 SPGI 1.0% 10.4%
May 26 FBHS 1.7% 0.0%