Simon Property (SPG) increases dividend by 3% in 2022 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 3%

Monday 9 May 2022

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.

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