Simon Property Group, Inc. ( SPG ) will begin trading ex-dividend on May 13, 2016. A cash dividend payment of $1.6 per share is scheduled to be paid on May 31, 2016. Shareholders who purchased SPG prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that SPG has paid the same dividend. At the current stock price of $203.24, the dividend yield is 3.15%.
The previous trading day's last sale of SPG was $203.24, representing a -5.38% decrease from the 52 week high of $214.80 and a 18.86% increase over the 52 week low of $170.99.
SPG is a part of the Consumer Services sector, which includes companies such as Public Storage ( PSA ) and American Tower Corporation (REIT) ( AMT ). SPG's current earnings per share, an indicator of a company's profitability, is $5.7. Zacks Investment Research reports SPG's forecasted earnings growth in 2016 as 8.74%, compared to an industry average of 6%.
Interested in gaining exposure to SPG through an Exchange Traded Fund [ETF]?
The following ETF(s) have SPG as a top-10 holding:
- Schwab U.S. REIT ETF ( SCHH )
- SPDR DJ Wilshire REIT ETF ( RWR )
- PowerShares Active U.S. Real Estate Fund ( PSR )
- Wilshire US REIT ( WREI )
- iShares Real Estate 50 ETF ( FTY ).
The top-performing ETF of this group is WREI with an increase of 8.06% over the last 100 days. SCHH has the highest percent weighting of SPG at 9.99%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.