Trailing Dividend / Share
$8.57
Simon Property Group, Inc. (SPG) Dividend History
Income profile from 1994 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
4.2%
Payout Ratio
60.5%
Watch
Dividend Streak
4 years
SPG Dividend Income Check
Safety
60.5% payout ratio with watch safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 10.3% and trend is rising.
SPG Dividend Scorecard
Yield & Income
Dividend Yield4.2%
Trailing DPS$8.57
FrequencyQuarterly
Payments / 12M4
Payout Safety
Earnings Payout60.5%
Earnings SafetyWatch
FCF Payout85.5%
FCF SafetyStretched
Piotroski F-Score6/9
Growth
Growth Streak4 years
3Y CAGR7.4%
5Y CAGR7.3%
Yield on Cost (5Y)10.3%
YOC Trendrising
Total Returns
Buyback Yield0.3%
Total Shareholder Yield4.5%
1Y Total Return15.7%
5Y Total Return80.2%
Div Contribution (5Y)29.1%
Estimated $10K growth (return + dividends):
5Y ago$18,02210Y ago$13,05520Y ago$37,165
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). SPG's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
SPG Income Growth Story
Dividend per share and yield on cost over time (33 years of payments)
SPG Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Simon Property Group, Inc. distributes 60.5% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 85.5%, rated "Stretched".
Piotroski F-Score: 6/9 — moderate financial health.
Growth Track Record
SPG has raised its dividend for 4 consecutive years, with a 3-year CAGR of 7.4% and 5-year CAGR of 7.3%.
Total Shareholder Returns
Beyond cash dividends, SPG returns capital through share repurchases. The combined picture: 4.2% dividend yield, 0.3% buyback yield, 4.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 10.3% and is currently rising. The 5-year total return is 80.2%, with dividends contributing 29.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $13,055 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
SPG Recent Dividend Payments
Last 20 payments · Quarterly
TTM Total$39.35
Avg/Payment$1.9675
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Sep 9, 2026Latest | $2.2500 | — | 4.35% | Sep 30, 2026 |
| Jun 9, 2026 | $2.2500 | ↑ +2.3% | 4.15% | Jun 30, 2026 |
| Mar 10, 2026 | $2.2000 | — | 4.50% | Mar 31, 2026 |
| Dec 10, 2025 | $2.2000 | ↑ +2.3% | 4.71% | Dec 31, 2025 |
| Sep 9, 2025 | $2.1500 | ↑ +2.4% | 4.71% | Sep 30, 2025 |
| Jun 9, 2025 | $2.1000 | — | 5.21% | Jun 30, 2025 |
| Mar 10, 2025 | $2.1000 | — | 4.99% | Mar 31, 2025 |
| Dec 9, 2024 | $2.1000 | ↑ +2.4% | 4.45% | Dec 30, 2024 |
SPG Dividend vs Peers
Comparable companies in the same industry
#5 yield in peer group
Div Yield
4.2%
#5 of 8
Safety
Watch
60.5% payout
Streak
4Y
7.3% 5Y CAGR
Total Shareholder
4.5%
#5 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| SPGSimon Property Group… | $66.2B | 4.2% | 60.5% | 4 | Watch |
 MACThe Macerich Company | $6.7B | 3.2% | — | 0 | Unknown |
 CBLCBL & Associates Pro… | $1.6B | 4.7% | 56.7% | 4 | Sustainable |
2nd  ORealty Income Corpor… | $51.9B | 5.8% | 2.8% | 32 | Sustainable |
 REGRegency Centers Corp… | $13.3B | 3.9% | 97.0% | 12 | At Risk |
3rd  KIMKimco Realty Corpora… | $15.0B | 4.8% | 1.2% | 2 | Sustainable |
 BRXBrixmor Property Gro… | $8.5B | 4.2% | 91.7% | 12 | At Risk |
1st  SITCSITE Centers Corp. | $156M | 100.0% | 2.0% | 0 | Sustainable |
SPG Annual Dividend History (1993–2026)
34 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $6.70 | — | 3 | — | — | — | 8.1% |
| 2025 | $8.55 | 5.6% | 4 | $14.14 | 60.5% | 1.65x | 10.3% |
| 2024 | $8.10 | 8.7% | 4 | $7.26 | 111.6% | 0.90x | 9.8% |
| 2023 | $7.45 | 8.0% | 4 | $6.98 | 106.7% | 0.94x | 9.0% |
| 2022 | $6.90 | 17.9% | 4 | $6.52 | 105.8% | 0.94x | 8.3% |
| 2021 | $5.85 | -2.5% | 4 | $6.84 | 85.5% | 1.17x | 7.1% |
| 2020 | $6.00 | -27.7% | 4 | $3.59 | 167.1% | 0.60x | 7.2% |
| 2019 | $8.30 | 5.1% | 4 | $6.79 | 122.2% | 0.82x | 10.0% |
| 2018 | $7.90 | 10.5% | 4 | $7.88 | 100.3% | 1.00x | 9.5% |
| 2017 | $7.15 | 10.0% | 4 | $6.24 | 114.6% | 0.87x | 8.6% |
Consensus & Technical Research Suite
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Historical Returns
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Peer Comparison
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SPG — Frequently Asked Questions
Quick answers to the most common questions about buying SPG stock.
How much dividend does SPG pay per share?
Simon Property Group, Inc. (SPG) pays a trailing 12-month dividend of $8.57 per share, with a current dividend yield of +4.2%. Payments are made Quarterly.
When is SPG's next ex-dividend date?
SPG's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. SPG typically pays dividends Quarterly.
Is SPG's dividend safe?
SPG's dividend safety is rated "Watch" based on an earnings payout ratio of +60.5% and FCF payout ratio of +85.5%. The 4-year growth streak provides moderate confidence.
Is SPG a Dividend Payer?
Yes, Simon Property Group, Inc. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +7.3%, demonstrating above-inflation dividend growth.
How often does SPG pay dividends?
Simon Property Group, Inc. pays dividends Quarterly. The trailing 12-month total is $8.57 per share. Dividend data on this page covers 32+ years from 1994 to 2026.
How much would $10,000 invested in SPG grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in SPG five years ago would be worth approximately $18,022 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is SPG's yield on cost for long-term holders?
SPG's yield on cost — the current dividend divided by the original purchase price — is +10.3% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +4.2% market yield, thanks to consistent dividend growth.