Simon Property Group, Inc.
S&P 500SPG/Real Estate · REIT - Retail/NYSE
Dividend Yield
4.10%
$8.80 · Annual Dividend
Dividend Safety Rating
SPG's dividend appears safe and well-supported. Strengths include a 47.5% ffo payout ratio & 6.5x interest coverage. Areas of concern: 101.5% fcf payout ratio & 80.8% cfo payout ratio. The dividend has been growing at a 7.34% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- FFO Payout Ratio: 47.5%Dividends are well covered by funds from operations (FFO).
- Return on Equity: 113.6%Strong return on equity reflects efficient profit generation.
- Operating Margin: 43.4%Healthy operating margin provides a wide buffer.
Risks
- FCF Payout Ratio: 101.5%Free cash flow is tight relative to the dividend.
- Current Ratio: 0.2xLimited short-term liquidity to meet obligations.
- CFO Payout Ratio: 80.8%Operating cash flow leaves little room for the payout.
Payout & Coverage
CautionBalance Sheet
WarningProfitability
SafeDividend Track Record
Very SafeAbout Simon Property Group, Inc.
Simon Property Group, Inc. is a real estate investment trust specializing in the ownership and management of premier shopping, dining, entertainment, and mixed-use destinations across North America, Europe, and Asia. As the largest retail REIT in the United States, it operates a diverse portfolio that includes traditional malls, premium outlets, Mills centers combining malls, outlets, and big-box retailers, lifestyle centers, and other retail properties. The company focuses on high-quality assets with strong retailer sales performance, alongside international interests such as a stake in Klepierre, a European shopping center operator, and joint ventures in premium outlets worldwide. Simon Property Group, Inc. enhances its properties through redevelopments featuring luxury retail, dining, and experiential amenities, while integrating digital platforms like the Simon+ loyalty program and ShopSimon marketplace to connect shoppers across physical and online channels. Founded in 1993 and headquartered in Indianapolis, Indiana, it plays a central role in the retail real estate sector by curating vibrant destinations that serve consumers, retailers, and communities.
Dividend Overview
Dividend Yield
4.10%
Annual Dividend
$8.80
Frequency
Quarterly
Payout Ratio
60.15%
FCF Payout Ratio
101.51%
52-Week Range
$157.05 - $226.44
Dividend History (2016–2025)
SPG annual dividend per share and yield history
Earnings & Profitability
SPG earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
June 9, 2026
Next Payment Date
June 30, 2026
Dividend Growth
3-Year Dividend CAGR
7.41%
5-Year Dividend CAGR
7.34%
10-Year Dividend CAGR
3.52%
3-Year Total Growth
23.91%
5-Year Total Growth
42.50%
10-Year Total Growth
41.32%
Income Calculator
Similar Dividend Stocks
Frequently Asked Questions
What is SPG's current dividend yield?
When is SPG's next dividend payment date?
How much does SPG pay in dividends per year?
Has SPG been increasing its dividend?
Is SPG's dividend safe?
How is SPG's Dividend Safety Rating calculated?
Want to understand how we rate dividend safety? Read our full methodology
Track SPG Dividends with OnlyDividends
What will SPG actually pay you after taxes? Track every payout, get notified on payment dates, and stop guessing.
This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.
Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.
Market data provided by Twelve Data.