Is SPG a good dividend stock?

Is SPG dividend safe?

Still, the company is quite safe and the dividend is well covered. … Despite the lousy year in 2020, the company generated $3.2 billion in funds from operations, which more than amply covers its interest expense of $616 million.

How much dividend does SPG pay?

SPG pays a dividend of $5.50 per share. SPG’s annual dividend yield is 3.75%. Simon Property Group’s dividend is lower than the US REIT – Retail industry average of 3.78%, and it is lower than the US market average of 4.08%.

Is SPG a good buy right now?

Zacks’ proprietary data indicates that Simon Property Group, Inc. is currently rated as a Zacks Rank 2 and we are expecting an above average return from the SPG shares relative to the market in the next few months.

Will SPG increase dividend?

The company will now pay $1.40 per share compared with the $1.30 paid earlier. The increased dividend will be paid on Jul 23, to shareholders on record as of Jul 2, 2021. … Solid dividend payouts are the biggest enticement for REIT investors, and Simon Property is committed to boosting shareholder wealth.

What happened to Simon Property Group?

In February 2020, in partnership with Authentic Brands Group, the company acquired Forever 21. On March 18, 2020, the company announced the closure of its U.S. shopping malls until March 29, due to the COVID-19 pandemic. At the time, it was the largest mall owner in the United States.

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What months does SPG pay dividends?

SPG Dividend History

Ex/EFF DATE TYPE PAYMENT DATE
02/13/2020 CASH 02/28/2020
11/14/2019 CASH 11/29/2019
08/15/2019 CASH 08/30/2019
05/16/2019 CASH 05/31/2019

How often does SPG pay dividend?

Simon Property Group (NYSE:SPG) pays quarterly dividends to shareholders.

Is SPG a REIT?

Simon Property Group is a REIT specializing in the ownership, development, management, leasing, acquisition and expansion of income-producing retail real estate assets.

Will SPG go up?

Simon Property Group Inc (NYSE:SPG)

The 18 analysts offering 12-month price forecasts for Simon Property Group Inc have a median target of 148.00, with a high estimate of 177.00 and a low estimate of 130.00. The median estimate represents a +1.93% increase from the last price of 145.20.

Is SPLG a buy?

SPLG is rated a 5 out of 5.