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Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Simon Property Group, Inc. (SPG) pays a $8.80 annual dividend ($2.25 quarterly), yielding 4.40% at $206.99/share. Next ex-dividend date 2026-09-09. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.40%
Annual Dividend: $8.80 per share
Payout Ratio: 62.1%
Ex-Dividend Date: 2026-09-09
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 33
Simon Property Group, Inc. dividend is backed by one of the largest retail real estate portfolios in the world, spanning 229 properties and 183 million square feet across North America, Asia, and Europe. SPG currently pays a 4.46% yield, with trailing annual payments of $8.80 per share over the past twelve months. Dividends are paid quarterly, with the next ex-dividend date set for September 9, 2026, and the last declared amount at $2.25 per share. At a beta of 1.333, SPG carries above-average price volatility, making it a better fit for income-focused investors who can tolerate share price swings in exchange for a high yield.
Simon Property Group, Inc. pays out 62.1% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level leaves a meaningful buffer above a dangerous threshold, supported by a portfolio of premier malls, Premium Outlets, and mixed-use destinations that generate ongoing rental demand across hundreds of properties. Simon Property Group, Inc. dividend safety faces its clearest pressure point from the dividend's own history: the payout was cut during 2020 and 2021, showing that a severe disruption to retail foot traffic can force a reduction even at this scale. A beta of 1.333 adds another layer of risk, as SPG stock tends to move more sharply than the broader market.
Simon Property Group, Inc. dividend history shows a CAGR of 8.7% per year from 2010 to 2025. Per-share payments grew from $2.45 to $8.55 over that period (2026 is a partial year and excluded from this calculation). The largest annual increase in the window was 34.6% in 2011, though the data also contains at least one year-over-year decline exceeding 5%, which breaks any notion of uninterrupted growth. Four consecutive years of increases have followed the pandemic-era cuts, bringing the payout back above its pre-2020 level.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.4% | $6.90 (2022) | $8.55 (2025) |
| 5-Year | +7.3% | $6.00 (2020) | $8.55 (2025) |
| 10-Year | +3.5% | $6.05 (2015) | $8.55 (2025) |
SPG fits dividend investors who want a high (above 4%) yield from a large, geographically diversified retail real estate portfolio. At 4.46%, the current yield sits below the 5-year average of 4.98%, meaning income buyers are getting slightly less yield than the historical norm. The 62.1% payout ratio is elevated but not extreme, and four straight years of increases show the company has rebuilt its payout after the pandemic-era cuts. The trade-off is real: SPG stock carries a beta of 1.333, so the income comes with meaningful price volatility, and the dividend's history includes cuts, not just pauses.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-09 | $2.2500 |
| 2026-06-09 | $2.2500 |
| 2026-03-10 | $2.2000 |
| 2025-12-10 | $2.2000 |
| 2025-09-09 | $2.1500 |
| 2025-06-09 | $2.1000 |
| 2025-03-10 | $2.1000 |
| 2024-12-09 | $2.1000 |
| 2024-09-09 | $2.0500 |
| 2024-06-07 | $2.0000 |
| Year | Total Dividends |
|---|---|
| 2026 | $6.7000 |
| 2025 | $8.5500 |
| 2024 | $8.1000 |
| 2023 | $7.4500 |
| 2022 | $6.9000 |
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