SPG Dividend Calculator
Simon Property Group, Inc. yields 4.34%, comfortably above the 2.89% median across US dividend payers. That puts SPG in the range where the income is the main reason to hold it, and where the durability of the payment does most of the work in any long-run figure.
SPG paid $8.90 per share over the last twelve months on a quarterly schedule. Enter any amount below, or use the worked figures.
Your investment
SPG
Simon Property Group, Inc.
4.34%
yield
Dividend income
$10,000 in SPG pays you
$434.19
per year
- Paid each quarter
- $108.55
- Monthly average
- $36.18
- Shares bought
- 48.79
- Payments a year
- 4
Total over 10 years, taken as cash
$4,341.89
Based on the trailing twelve-month dividend, assuming it stays flat. Payments are not guaranteed and can be cut or suspended at any time. Figures are before tax and exclude any change in the share price.
SPG dividend income by investment amount
Based on the current yield of 4.34%. Figures are before tax and assume the dividend stays at its present level.
| Invested | Per year | Per payment | Monthly average |
|---|---|---|---|
| $1,000 | $43.42 | $10.85 | $3.62 |
| $5,000 | $217.09 | $54.27 | $18.09 |
| $10,000 | $434.19 | $108.55 | $36.18 |
| $25,000 | $1,085.47 | $271.37 | $90.46 |
| $50,000 | $2,170.94 | $542.74 | $180.91 |
| $100,000 | $4,341.89 | $1,085.47 | $361.82 |
SPG with dividends reinvested
$10,000 in SPG, every dividend reinvested, holding the payment and share price flat. Deliberately conservative — most calculators assume years of uninterrupted growth, and that assumption drives most of the result.
- After 10 years
- $15,401
- After 20 years
- $23,719
- After 30 years
- $36,530
$14,342 taking the income as cash
$18,684 taking the income as cash
$23,026 taking the income as cash
What makes up SPG's 4.34% yield
SPG paid $8.90 per share over the last twelve months against a share price of $204.98, which is where the 4.34% comes from. Special and one-off distributions are excluded from that figure — they do not recur, and including them would overstate every projection below.
Yields at this level usually have a structural explanation rather than a mispricing: the company is organised to distribute income rather than retain it. Worth checking how SPG's current yield compares with its own history, since a sharp recent rise more often reflects a falling price than a raised payment.
REITs are required to distribute the large majority of their taxable income to keep their tax status, which is why the yield is high by construction rather than by choice. It also means the payout ratio reads badly against accounting earnings: depreciation charges on property push reported earnings well below the cash actually collected, so the dividend is judged against funds from operations instead.
When SPG pays, and what that changes
SPG pays quarterly, the standard schedule for US-listed payers, so the "per payment" column is one quarter of the annual figure and the "monthly average" column is a smoothed figure rather than a description of when cash arrives — nothing is paid in eight months of the year.
Each payment has an ex-dividend date, and it is the date that governs entitlement: shares bought on or after it do not carry that payment. SPG's full schedule and payment history are on its dividend page.
Is SPG's dividend covered by earnings?
SPG's payout ratio of 0.65 means about 65% of earnings are committed to the dividend. That is within earnings but a narrower margin than the sub-0.60 range generally considered comfortable, so a weaker year absorbs more of the cover.
Earnings in a regulated business are unusually steady, which makes this ratio more informative than the same figure struck on cyclical profits — there is less risk that it simply reflects a good year. The corresponding limit is that regulated returns are capped, so the retained portion funds slower growth than an unconstrained business could deliver.
The figures hold the dividend flat. SPG has raised its payment in each of the last 4 years, which is a shorter record than the multi-decade streaks found among the longest-standing payers, and not yet long enough to have been tested across a full cycle.
SPG dividend calculator FAQ
- How much does $10,000 in SPG pay in dividends?
- At SPG's current yield of 4.34%, $10,000 pays about $434.19 a year — roughly $108.55 per payment, paid quarterly, or $36.18 a month averaged out.
- What would SPG be worth after 10 years with dividends reinvested?
- Reinvesting every dividend and assuming the payment and share price both stay flat, $10,000 in SPG would grow to about $15,401 after 10 years, against $14,342 if the income were taken as cash. That deliberately assumes no dividend growth — a real holding may do better or considerably worse.
- How often does SPG pay dividends?
- SPG pays quarterly — 4 payments a year — based on its actual payment history rather than an assumed schedule.
- Is SPG's dividend guaranteed?
- No. Dividends are discretionary and can be reduced or suspended at any time, and every figure here is a projection from the current yield rather than a forecast. Check SPG's full payment history before relying on any of it.
- Why is SPG's dividend yield so high?
- SPG yields 4.34% against a 2.89% median across US dividend payers. A yield is a ratio, so it rises either because the payment went up or because the share price came down — and the figure alone does not say which. As a REIT it is required to distribute most of its taxable income, so a high yield is structural here rather than a signal.
More on SPG
Simon Property Group, Inc. is a common stock trading at $204.98 per share, paying quarterly. — All figures before tax. Not financial advice.