Today Simon Property Group (SPG)announced an increase of their quarterly dividend from €1,95 to €2,00. This is an dividend increase of 2,6% versus the previous dividend and an 11,1% year-over-year dividend increase.
I have 16 Simon Property Group (SPG) shares so this dividend increase will result in an increase of my yearly estimated dividend income of $3,20.
After this dividend increase the yield on cost for me is 4,87%.
Today I purchased 4 shares Simon Property Group at a price of $164,15. I already owned 4 shares so I now have 8 shares. The average purchase price of the shares decreased from $184,16 to $174,16 by this purchase.
Simon Property Group is paying a quarterly dividend of $1,85 per share. On a yearly basis this is $7,40 per share. With this purchase I add to my expected yearly dividend an amount of $29,6 or €24,93 against todays exchange rate.