Simon Property Group announces $2.10 per share dividend, despite recent earnings miss.

Simon Property Group, a real estate investment trust, announced a quarterly dividend of $2.10 per share, payable on December 30th, for shareholders on record on December 9th. This brings the annualized dividend to $8.40 and yields 4.57%. Despite recent institutional buy-ins and an increased dividend, the company recently missed earnings estimates, reporting $1.46 EPS compared to expected $3.00. Analysts have mixed views, with an average rating of "Hold" and a target price of $165.44.

3 months ago
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