Simon Property Group Stock To Go Ex-dividend Monday (SPG)
The ex-dividend date for Simon Property Group (NYSE:SPG) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $136.39 as of 9:30 a.m., the dividend yield is 2.8%.
NEW YORK ( TheStreet) -- The ex-dividend date for Simon Property Group (NYSE: SPG) is Monday, February 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 95 cents per share. At a price of $136.39 as of 9:30 a.m. ET, the dividend yield is 2.8%. The average volume for Simon Property Group has been 1.6 million shares per day over the past 30 days. Simon Property Group has a market cap of $39.29 billion and is part of the financial sector and real estate industry. Shares are up 6.9% year to date as of the close of trading on Thursday. Simon Property Group, Inc. is an independent equity real estate investment trust. It engages in investment, ownership, and management of properties. The firm invests in the real estate markets across the globe. The company has a P/E ratio of 39.6, below the average real estate industry P/E ratio of 44.7 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Simon Property Group Ratings Report. See our dividend calendar or top-yielding stocks list.