Simon Property Group Raises Quarterly Dividend to $2.25

Simon Property Group, Inc. (SPG) raised its quarterly dividend to $2.25 a share from $2.20, a 2.27% increase, with the shares trading ex-dividend on June 9, 2026.

The increase extends Simon’s current dividend-growth streak to five consecutive years, according to the locked dividend data. The company previously cut its dividend in 2020, a period when retail real estate owners faced severe disruption from pandemic-related store closures and reduced mall traffic.

Simon, a real estate investment trust focused on shopping malls and outlet centers, remains one of the largest public landlords in U.S. retail real estate. Investor’s Business Daily described Simon as the world’s largest mall-focused REIT and a member of the S&P 100, noting that the company leases space across more than 220 shopping-center properties worldwide. The same report cited stronger recent operating trends, including high occupancy and higher average rent per square foot, as part of the backdrop for recent dividend increases: https://www.investors.com/research/the-income-investor/simon-property-group-reit-stock-shopping-malls/

The dividend change follows a period in which Simon has been rebuilding its payout after the 2020 reduction. The new quarterly rate brings the listed annual dividend per share to $8.80, based on the locked facts supplied for this article. At the stated share price of $214.86, the forward annual yield is 4.10%.

What it means for income investors

For income investors, the increase is a modest but tangible improvement in cash income from SPG shares. The 2.27% raise signals that management is continuing to restore and grow the payout, but the company’s dividend record still carries the context of the 2020 cut.

SmarterDividends assigns Simon a dividend safety score of 61 out of 100, or a C grade. That places the payout in a middle-risk category rather than among the most conservative dividend profiles. Investors focused on income durability will likely weigh the higher quarterly payment and five-year growth streak against the cyclicality of retail real estate and Simon’s history of reducing the dividend during stress.