SmarterDividends
SPG

Simon Property Group, Inc.

SPG

Real Estate · REIT - Retail · Stock · quarterly payer

$205.44

Overvalued · -33% Add to Portfolio

Forward Yield

4.33%

Annual Dividend

$8.90

Payout Ratio

62%

5-Yr Growth

10.5%

Ex-Date

Sep 9, 2026

Frequency

Quarterly

Key facts about SPG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 19, 2026, Simon Property Group, Inc. (SPG) has a forward dividend yield of 4.33%, based on an annual dividend of $8.90 per share and a share price of $205.44.
  • As of Oct 19, 2026, SPG's dividend safety grade from SmarterDividends is C (63 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Simon Property Group, Inc. (SPG) has raised its dividend for 5 consecutive years as of Oct 19, 2026.
  • SPG last cut its regular dividend in 2020.
  • SPG's most recent ex-dividend date was Sep 9, 2026, for a dividend of $2.25 per share.
  • As of Oct 19, 2026, SPG pays out 62% of its trailing 12-month earnings as dividends (its payout ratio).
  • SPG's dividend has grown at an average rate of 10.5% a year over the past five years.
  • As of Oct 19, 2026, SPG's 4.33% yield is 19% below its five-year average yield of 5.36%.
  • As of Oct 19, 2026, SmarterDividends' blended fair-value estimate for SPG is $137.69 per share, 33% below the $205.44 share price, so SPG screens as overvalued.
  • Simon Property Group, Inc. (SPG) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "SPG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 19, 2026, https://smarterdividends.com/stocks/SPG

Summary

As of Oct 19, 2026, Simon Property Group, Inc. (SPG) yields 4.33% ($8.90 a year per share), has a dividend safety grade of C (63/100) and has 5 consecutive years of dividend increases on record.

Is SPG a good dividend stock?

Yes, with caveats

Simon Property Group, Inc. (SPG) pays a quarterly dividend yielding 4.33% ($8.90/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Strong 10.5% 5-yr dividend growth

Risks

  • Cut its dividend in 2020

Key Data

Dividend Yield
4.33%
Payout Ratio
62%
Annual Dividend
$8.90
5-Yr Avg Growth
10.5%
Ex-Dividend Date
Sep 9, 2026
Years of Growth
5
Frequency
quarterly
Beta
1.33
Market Cap
$78.0B
P/E Ratio
14.5
5-Yr Total Return
34%
52-Week Range
$172.19 – $238.50
Dividend Safety
C · 63/100
Ever Cut?
Yes (2020)

SPG dividend changes

Simon Property Group, Inc. (SPG) pays a variable dividend: across the 134 payments on record since 1994, 50 were higher than the one before and 4 lower. The latest change was up 2.3% to $2.25 per share, going ex-dividend on Jun 9, 2026.

Ex-dateChangeOld → newMove
Jun 9, 2026Higher$2.20 → $2.25+2.3%
Dec 10, 2025Higher$2.15 → $2.20+2.3%
Sep 9, 2025Higher$2.10 → $2.15+2.4%
Dec 9, 2024Higher$2.05 → $2.10+2.4%
Sep 9, 2024Higher$2.00 → $2.05+2.5%
Jun 7, 2024Higher$1.95 → $2.00+2.6%
Mar 7, 2024Higher$1.90 → $1.95+2.6%
Sep 7, 2023Higher$1.85 → $1.90+2.7%
Jun 8, 2023Higher$1.80 → $1.85+2.8%
Dec 8, 2022Higher$1.75 → $1.80+2.9%
Sep 8, 2022Higher$1.70 → $1.75+2.9%
Jun 8, 2022Higher$1.65 → $1.70+3.0%
Every SPG payment →Download every raise and cut (CSV)
SPG ex-dividend date & scheduleNext ex-date Sep 9, 2026 · full ex-dividend historyView →SPG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SPG a good dividend stock?

Yes, with caveats. Simon Property Group, Inc. (SPG) pays a quarterly dividend yielding 4.33% ($8.90/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is SPG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SPG's fair value is about $137.69 versus a $205.44 share price — so it looks overvalued (-33% vs. fair value).

Is SPG's dividend safe?

SPG has a dividend-safety grade of C (63/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is SPG's fair value?

Our blended fair-value estimate for SPG is about $137.69 per share, about 33% below the current $205.44 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SPG a buy, hold, or sell?

We don't issue formal ratings, but on the data SPG screens as "yes, with caveats" and overvalued. Simon Property Group, Inc. (SPG) pays a quarterly dividend yielding 4.33% ($8.90/yr), with 5 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will SPG cut its dividend?

SPG earns a dividend-safety grade of C (63/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SPG pay a dividend?

Yes. Simon Property Group, Inc. pays a quarterly dividend of about $8.90 per share annually, a forward yield of roughly 4.33%.

What is SPG's dividend yield?

As of Oct 19, 2026, SPG's forward dividend yield is 4.33%, based on a $8.90 annual dividend and a $205.44 share price.

What is SPG's dividend per share?

As of Oct 19, 2026, SPG pays $8.90 per share per year, distributed on a quarterly basis.

What is SPG's dividend payout ratio?

As of Oct 19, 2026, SPG's payout ratio is 62% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has SPG grown its dividend?

As of Oct 19, 2026, SPG has increased its dividend for 5 consecutive years.

When is the next SPG ex-dividend date?

As of Oct 19, 2026, SPG's next ex-dividend date hasn't been announced. The most recent was Sep 9, 2026, for $2.25 per share.

SPG Dividend News

SPG
IncreaseSPG·Jun 12, 2026

Simon Property Group Raises Quarterly Dividend to $2.25

Simon Property Group increased its quarterly dividend to $2.25 a share, extending a five-year growth streak after a prior cut in 2020.

Income Calculator

At $8.90 / yr per share

Per payment (quarterly)$222.50
Annual$890.00
Monthly avg$74.17

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