Simon Property Group Increases Quarterly Dividend to $2.30 Per Share
Simon Property Group (SPG) has announced a 2.2% increase in its quarterly dividend, raising the payout from $2.25 to $2.30 per share. The dividend is scheduled to be payable on December 31, with the ex-dividend date and record date both set for December 10. The announcement follows a period of mixed financial performance where the company reported Q3 revenue of $1.81 billion, beating expectations by $150 million. However, its Funds From Operations (FFO) of $3.09 per share missed analyst estimates by $0.22. Despite this FFO miss, the company has boosted its full-year guidance following robust adjusted earnings.
Tickers: $SPG
Topics: dividend declaration FFO miss guidance increase quarterly earnings revenue beat