Simon Property Group Stock To Go Ex-dividend Tomorrow (SPG)
The ex-dividend date for Simon Property Group (NYSE:SPG) is tomorrow, May 15, 2013. Owners of shares as of market close today will be eligible for a dividend of $1.15 per share. At a price of $180.23 as of 9:35 a.m., the dividend yield is 2.6%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Simon Property Group (NYSE: SPG) is tomorrow, May 15, 2013. Owners of shares as of market close today will be eligible for a dividend of $1.15 per share. At a price of $180.23 as of 9:35 a.m. ET, the dividend yield is 2.6%. The average volume for Simon Property Group has been 1.2 million shares per day over the past 30 days. Simon Property Group has a market cap of $55.61 billion and is part of the financial sector and real estate industry. Shares are up 13.8% year to date as of the close of trading on Monday. 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 52, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Simon Property Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Simon Property Group Ratings Report. See our dividend calendar or top-yielding stocks list. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.