In April I purchased 18 shares Simon Property Group against a price including costs of $60,30.
Stock price of Simon Property Group is this year well over 60% down as a result of SPG closing all of their USA based malls due to Covid-19.
Based on the purchase price of $60,30 the yield is 13,9%, but I consider it realistic that due to the lack of rental income SPG will decide to skip payments this year.
Nevertheless I add to my current position as I still believe strongly in the future prospects of the shopping centers owned by Simon Property Group. Although I can also imagine it will take some years to totally recover from the Covid-19.
Based on current dividend I increase my yearly estimated dividend income with $151,20, but as I said I won’t be surprised if the dividend will be cut or skipped the comming year.
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.