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The American real estate group Simon Property Group Inc. (ISIN: US8288061091, NYSE: SPG) will pay its investors a constant dividend of 1.30 US dollars per share for the first quarter on April 23, 2021 compared to the previous quarter. Record date is April 9, 2021.
Extrapolated to the year, assuming that the dividend remains the same, $ 5.20 will be paid out. The current dividend yield at the current share price of 115.39 US dollars (as of March 30, 2021) is 4.51 percent. The Simon Property Group operates as a Real Estate Investment Trust (REIT) and has been paying a dividend to investors since 1994. In June 2020, the dividend was reduced by almost 38 percent to the current amount.
The shopping mall operator is headquartered in Indianapolis, Indiana. In the fourth quarter of fiscal 2020 (December 31, 2020), the group had sales of 1.13 billion US dollars (previous year: 1.49 billion US dollars), as reported on February 8. Revenue was $ 271.48 million (previous year: $ 510.19 million).
Since the beginning of 2021, the stock has been up 35.31 percent on Wall Street and the current market capitalization is 42.77 billion US dollars (as of March 30, 2021).
Saskia Haaker, editor at MyDividends.de