(RTTNews) - While reporting its financial results for the third quarter today, Simon Property Group said its board of directors declared a quarterly common stock dividend of $2.10 per share. This represents a 5.0 percent increase year-over-year.
The dividend will be payable on November 29, 2019 to shareholders of record on November 15, 2019.
The company's board also declared the quarterly dividend on its 8 3/8 percent Series J Cumulative Redeemable Preferred Stock of $1.046875 per share, payable on December 31, 2019 to shareholders of record on December 17, 2019.
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