Simon Property Group Increases Quarterly Dividend From $2.05 To $2.10 Per Share
Portfolio Pulse from Benzinga Newsdesk
Simon Property Group has announced an increase in its quarterly dividend from $2.05 to $2.10 per share, marking a 10.5% year-over-year rise. The dividend will be payable on December 30, 2024, to shareholders of record on December 9, 2024. Additionally, a dividend on its Series J Preferred Stock has been declared.
November 01, 2024 | 12:18 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Simon Property Group has increased its quarterly dividend to $2.10 per share, a 10.5% increase year-over-year. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend is a positive signal to the market, indicating financial strength and a commitment to returning value to shareholders. This is likely to attract income-focused investors, potentially driving up demand for the stock.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Simon's Board declared a quarterly dividend on its Series J Preferred Stock of $1.046875 per share. This consistent dividend payment is a positive sign for preferred shareholders.
The declaration of a consistent dividend on the Series J Preferred Stock is a positive sign for preferred shareholders, indicating stability. However, it is less impactful on the common stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70