Simon Property Group (SPG) Dividend History & Yield
Dividend ChallengerSimon Property Group (SPG) has increased its dividend for 5 consecutive years and currently yields 4.24%. The most recent dividend was $2.2000/share on Mar 31, 2026, paid Quarterly.
Current Yield
4.24%
TTM Dividend/Share
$8.65
Payment Frequency
Quarterly
Payout Ratio
61.5%
Consecutive Growth Years
5 (Dividend Challenger)
Div Growth (1Y CAGR)
5.56%
Div Growth (5Y CAGR)
7.34%
Div Growth (10Y CAGR)
3.52%
SPG: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
11.6%
FCF payout ratio
21.9%
Net debt / EBITDA
3.7x
Interest coverage
3.14x
ROIC (TTM)
18.2%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 61.5%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($10.94) covers dividend/share ($8.65).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 5 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 21.9%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.7x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (7.3%) exceeds EPS growth (-4.9%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 9, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $2.2500
- Adj. dividend
- $2.2500
Ex-date Mar 10, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $2.2000
- Adj. dividend
- $2.2000
Ex-date Dec 10, 2025
- Payment date
- Dec 31, 2025
- Dividend
- $2.2000
- Adj. dividend
- $2.2000
Ex-date Sep 9, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $2.1500
- Adj. dividend
- $2.1500
Ex-date Jun 9, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $2.1000
- Adj. dividend
- $2.1000
Ex-date Mar 10, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $2.1000
- Adj. dividend
- $2.1000
Ex-date Dec 9, 2024
- Payment date
- Dec 30, 2024
- Dividend
- $2.1000
- Adj. dividend
- $2.1000
Ex-date Sep 9, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $2.0500
- Adj. dividend
- $2.0500
Ex-date Jun 7, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $2.0000
- Adj. dividend
- $2.0000
Ex-date Mar 7, 2024
- Payment date
- Mar 29, 2024
- Dividend
- $1.9500
- Adj. dividend
- $1.9500
Ex-date Dec 7, 2023
- Payment date
- Dec 29, 2023
- Dividend
- $1.9000
- Adj. dividend
- $1.9000
Ex-date Sep 7, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $1.9000
- Adj. dividend
- $1.9000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 9, 2026 | Jun 30, 2026 | $2.2500 | $2.2500 |
| Mar 10, 2026 | Mar 31, 2026 | $2.2000 | $2.2000 |
| Dec 10, 2025 | Dec 31, 2025 | $2.2000 | $2.2000 |
| Sep 9, 2025 | Sep 30, 2025 | $2.1500 | $2.1500 |
| Jun 9, 2025 | Jun 30, 2025 | $2.1000 | $2.1000 |
| Mar 10, 2025 | Mar 31, 2025 | $2.1000 | $2.1000 |
| Dec 9, 2024 | Dec 30, 2024 | $2.1000 | $2.1000 |
| Sep 9, 2024 | Sep 30, 2024 | $2.0500 | $2.0500 |
| Jun 7, 2024 | Jun 28, 2024 | $2.0000 | $2.0000 |
| Mar 7, 2024 | Mar 29, 2024 | $1.9500 | $1.9500 |
| Dec 7, 2023 | Dec 29, 2023 | $1.9000 | $1.9000 |
| Sep 7, 2023 | Sep 29, 2023 | $1.9000 | $1.9000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Simon Property Group has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 5 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $8.5500 | — | — |
| 2025 | $8.1000 | $8.5500 | +5.6% |
| 2024 | $7.4500 | $8.1000 | +8.7% |
| 2023 | $6.9000 | $7.4500 | +8.0% |
| 2022 | $5.8500 | $6.9000 | +17.9% |
| 2021 | $6.0000 | $5.8500 | -2.5% |
| 2020 | $8.3000 | $6.0000 | -27.7% |
| 2019 | $7.9000 | $8.3000 | +5.1% |
| 2018 | $7.1500 | $7.9000 | +10.5% |
| 2017 | $6.5000 | $7.1500 | +10.0% |
| 2016 | $6.0500 | $6.5000 | +7.4% |
| 2015 | $4.9989 | $6.0500 | +21.0% |
| 2014 | $4.3744 | $4.9989 | +14.3% |
| 2013 | $3.8570 | $4.3744 | +13.4% |
| 2012 | $3.2926 | $3.8570 | +17.1% |
| 2011 | $2.4459 | $3.2926 | +34.6% |
| 2010 | $1.6164 | $2.4459 | +51.3% |
| 2009 | $3.3413 | $1.6164 | -51.6% |
| 2008 | $3.1186 | $3.3413 | +7.1% |
| 2007 | $2.8216 | $3.1186 | +10.5% |
| 2006 | $2.5988 | $2.8216 | +8.6% |
| 2005 | $2.4132 | $2.5988 | +7.7% |
| 2004 | $2.2276 | $2.4132 | +8.3% |
| 2003 | $2.0187 | $2.2276 | +10.3% |
| 2002 | $1.9305 | $2.0187 | +4.6% |
| 2001 | $1.8748 | $1.9305 | +3.0% |
| 2000 | $1.8748 | $1.8748 | 0.0% |
| 1999 | $1.9055 | $1.8748 | -1.6% |
| 1998 | $1.8628 | $1.9055 | +2.3% |
| 1997 | $2.2832 | $1.8628 | -18.4% |
| 1996 | $1.3700 | $2.2832 | +66.7% |
| 1995 | $1.7635 | $1.3700 | -22.3% |
| 1994 | — | $1.7635 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Simon Property Group (SPG) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.65B
YoY change
+5.6%
5Y CAGR
+14.1%
Peak year (2025)
$2.79B
Latest annual
$2.79B
Cash dividends paid over time for Simon Property Group (SPG)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Simon Property Group (SPG)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $2.79B | +5.6% | +$147.66M | ||
| 2024 | $2.65B | +8.4% | +$205.98M | ||
| 2023 | $2.44B | +647.0% | +$2.11B | ||
| 2022 | $326.55M | -3.1% | -$10.47M | ||
| 2021 | $337.02M | -76.6% | -$1.11B | ||
| 2020 | $1.44B | -43.6% | -$1.12B | ||
| 2019 | $2.56B | +4.5% | +$109.87M | ||
| 2018 | $2.45B | +9.8% | +$217.81M | ||
| 2017 | $2.23B | +9.5% | +$193.72M | ||
| 2016 | $2.04B | +8.4% | +$158.36M | ||
| 2015 | $1.88B | +591.8% | +$1.61B | ||
| 2014 | $271.64M | -81.2% | -$1.17B | ||
| 2013 | $1.45B | +505.6% | +$1.21B | ||
| 2012 | $238.77M | +12.9% | +$27.27M | ||
| 2011 | $211.50M | +38.0% | +$58.25M | ||
| 2010 | $153.25M | +171.9% | +$96.88M | ||
| 2009 | $56.36M | -75.9% | -$177.74M | ||
| 2008 | $234.10M | +20.2% | +$39.28M | ||
| 2007 | $194.82M | -64.2% | -$350.03M | ||
| 2006 | $544.86M | +9.9% | +$48.90M | ||
| 2005 | $495.96M | -33.5% | -$249.74M | ||
| 2004 | $745.70M | +11.8% | +$78.59M | ||
| 2003 | $667.11M | +12.0% | +$71.23M | ||
| 2002 | $595.87M | +5.7% | +$32.20M | ||
| 2001 | $563.68M | +12.3% | +$61.78M | ||
| 2000 | $501.90M | -10.9% | -$61.09M | ||
| 1999 | $562.99M | +28.9% | +$126.09M | ||
| 1998 | $436.90M | +91.7% | +$209.00M | ||
| 1997 | $227.90M | -13.2% | -$34.60M | ||
| 1996 | $262.50M | +47.7% | +$84.80M | ||
| 1995 | $177.70M | +47.2% | +$57.00M | ||
| 1994 | $120.70M | — | +$120.70M | ||
| 1993 | $0 | — | — |
The 2025 reading of Simon Property Group (SPG) dividends paid is $2.79B – grew 5.6% year-over-year.
Simon Property Group dividends paid has grown for 3 consecutive years, with a +14.1% compound annual growth rate over 2020–2025 (5 years).
$2.79B stands as the all-time-high annual dividends paid, posted in 2025, against a low of $0 during 1993.
Simon Property Group (SPG) sits 4th of 8 Real Estate peers we track on this metric, against a peer median of $2.09B.
Simon Property Group Dividends Paid 2025: $2.79B
Simon Property Group dividends paid in 2025 was $2.79B, grew 5.6% from 2024. This figure represents the highest annual value in the available history.
Simon Property Group Dividends Paid 2024: $2.65B
Simon Property Group dividends paid in 2024 was $2.65B, grew 8.4% from 2023.
Simon Property Group Dividends Paid 2023: $2.44B
Simon Property Group dividends paid in 2023 was $2.44B, surged 647.0% from 2022.
Simon Property Group Dividends Paid 2022: $326.55M
Simon Property Group dividends paid in 2022 was $326.55M, edged down 3.1% below 2021.
Simon Property Group Dividends Paid 2021: $337.02M
Simon Property Group dividends paid in 2021 was $337.02M.
See more financial history for Simon Property Group (SPG).
Sector peers by dividends paid
Companies in the same sector as Simon Property Group, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Prologis (PLD) | $3.76B | Real Estate |
| American Tower (AMT) | $3.16B | Real Estate |
| Realty Income (O) | $2.92B | Real Estate |
| Public Storage (PSA) | $2.30B | Real Estate |
| Welltower (WELL) | $1.88B | Real Estate |
| Equinix (EQIX) | $1.86B | Real Estate |
| Digital Realty Trust (DLR) | $1.73B | Real Estate |
| Ventas (VTR) | $860.06M | Real Estate |
Frequently asked questions
Does Simon Property Group pay dividends?
Yes, Simon Property Group (SPG) pays quarterly dividends of approximately $8.65 per share annually, yielding 4.24%.
What is Simon Property Group's dividend yield?
Simon Property Group (SPG) has a current dividend yield of 4.24%.
Is Simon Property Group's dividend safe?
Simon Property Group (SPG) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Simon Property Group increased its dividend?
Simon Property Group (SPG) has 5 consecutive years of dividend increases.
What is Simon Property Group's dividend payout ratio?
Simon Property Group (SPG) has a dividend payout ratio of 61.5%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Simon Property Group's dividends paid?
Latest reported dividends paid for Simon Property Group (SPG) is $1.65B (period ending March 31, 2026).
How has Simon Property Group dividends paid changed year-over-year?
Simon Property Group (SPG) dividends paid changed +5.6% year-over-year on the latest annual filing.
What is the long-term growth rate of Simon Property Group dividends paid?
Simon Property Group (SPG) dividends paid compound annual growth rate is +14.1% over the most recent 5 years available.
When did Simon Property Group dividends paid hit its highest annual value?
Simon Property Group dividends paid reached its highest annual value of $2.79B in 2025.
What was Simon Property Group dividends paid in 2024?
Simon Property Group (SPG) dividends paid in 2024 was $2.65B.
What was Simon Property Group dividends paid in 2025?
Simon Property Group (SPG) dividends paid in 2025 was $2.79B.
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