Simon Property Group, Inc.
SPGReal Estate · Stock · quarterly payer
Forward Yield
4.25%
Annual Dividend
$8.90
Payout Ratio
62%
5-Yr Growth
10.5%
Ex-Date
Sep 9, 2026
Frequency
Quarterly
Summary
As of September 2026, Simon Property Group, Inc. (SPG) yields 4.25% ($8.90 per share annually), with a blended fair-value estimate of $146.37 — -30% downside, so it screens as overvalued. Dividend safety grade: C (61/100). 5 years of dividend growth.
Is SPG a good dividend stock?
Yes, with caveatsSimon Property Group, Inc. (SPG) pays a quarterly dividend yielding 4.25% ($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
- 61% total price return over 5 years
Risks
- Cut its dividend in 2020
Key Data
- Dividend Yield
- 4.25%
- 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
- 1.31
- Market Cap
- $80.4B
- P/E Ratio
- 14.9
- 5-Yr Total Return
- 61%
- 52-Week Range
- $172.19 – $238.50
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
SPG Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+94%
5 Years
+61%
52-Week Range
$172.19 – $238.50
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SPG worth?
Overvaluedlow confidenceOur blended fair-value estimate for Simon Property Group, Inc. is $146.37 per share, versus a market price of $209.44. That implies 30% of downside.
Fair Value
$146.37
Current Price
$209.44
Downside
-30%
Margin of Safety
-43%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 10.9% discount rate (CAPM), 9.7% stage-1 growth, 2.5% terminal growth, $14.18 EPS, $8.90 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SPG Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 9, 2026 | — | $2.2500 | regular |
| Mar 10, 2026 | — | $2.2000 | regular |
| Dec 10, 2025 | — | $2.2000 | regular |
| Sep 9, 2025 | — | $2.1500 | regular |
| Jun 9, 2025 | — | $2.1000 | regular |
| Mar 10, 2025 | — | $2.1000 | regular |
| Dec 9, 2024 | — | $2.1000 | regular |
| Sep 9, 2024 | — | $2.0500 | regular |
| Jun 7, 2024 | — | $2.0000 | regular |
| Mar 7, 2024 | — | $1.9500 | regular |
| Dec 7, 2023 | — | $1.9000 | regular |
| Sep 7, 2023 | — | $1.9000 | regular |
| Jun 8, 2023 | — | $1.8500 | regular |
| Mar 9, 2023 | — | $1.8000 | regular |
Income Calculator
At $8.90 / yr per share
