StockNews.AI
SPG
StockNews.AI
210 days

Simon Property Group Announces Reporting Information For 2024 Distributions

1. Simon Property Group announces 2024 dividend payments and tax reporting details. 2. Total dividend distribution for 2024 is projected at $8.100000 per share. 3. Dividends include 99.4% categorized as taxable ordinary dividends. 4. Dividends date falls on four separate occasions throughout 2024. 5. Simon Property is key in retail, affecting market perception of SPG.

11m saved
Insight
Article

FAQ

Why Bullish?

Dividend announcements typically boost investor confidence, similar to past increases benefiting SPG.

How important is it?

The article highlights upcoming dividends, which are vital for income-focused investors in SPG.

Why Short Term?

The upcoming dividend payments will directly influence SPG price shortly, as historically seen.

Related Companies

SPGSPGPrJ
, /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced 2024 year-end tax reporting information.  Simon Property Group, Inc. Common Stock CUSIP 828806109 Ticker Symbol:  SPG % of Record 3/8/24 Record 6/7/24 Record 9/9/24 Record 12/9/24 Annual Dividend Dates Pmt 3/29/24 Pmt 6/28/24 Pmt 9/30/24 Pmt 12/30/24 Totals Total Total Distribution per Share $ 1.950000 $ 2.000000 $ 2.050000 $ 2.100000 $ 8.100000 Taxable Ordinary Dividends $ 1.938105 $ 1.987800 $ 2.037495 $ 2.087190 $ 8.050590 99.4 % Qualified Dividends $ 0.127232 $ 0.130494 $ 0.133756 $ 0.137019 $ 0.528501 (included in Taxable Ordinary Dividends) Total Capital Gain Distribution (1) $ 0.011895 $ 0.012200 $ 0.012505 $ 0.012810 $ 0.049410 0.6 % Unrecaptured Sec. 1250 Gain $ 0.011895 $ 0.012200 $ 0.012505 $ 0.012810 $ 0.049410 (included in Total Capital Gain Distribution) Nondividend Distributions $              - $              - $              - $                 - $            - Section 199A Dividends (2) $ 1.810873 $ 1.857306 $ 1.903739 $ 1.950171 $ 7.522089 Section 897 Capital Gain $ 0.011895 $ 0.012200 $ 0.012505 $ 0.012810 $ 0.049410 Simon Property Group, Inc. 8.375% Series J Cumulative Redeemable Preferred Stock CUSIP 828806885 Ticker Symbol:  SPGPrJ % of Record 3/15/24 Record 6/14/24 Record 9/16/24 Record 12/16/24 Annual Dividend Dates Pmt 3/29/24 Pmt 6/28/24 Pmt 9/30/24 Pmt 12/30/24 Totals Total Total Distribution per Share $ 1.046875 $ 1.046875 $ 1.046875 $ 1.046875 $ 4.187500 Taxable Ordinary Dividends $ 1.040489 $ 1.040489 $ 1.040489 $ 1.040489 $ 4.161956 99.4 % Qualified Dividends $ 0.068305 $ 0.068305 $ 0.068305 $ 0.068305 $ 0.273220 (included in Taxable Ordinary Dividends) Total Capital Gain Distribution (1) $ 0.006386 $ 0.006386 $ 0.006386 $ 0.006386 $ 0.025544 0.6 % Unrecaptured Sec. 1250 Gain $ 0.006386 $ 0.006386 $ 0.006386 $ 0.006386 $ 0.025544 (included in Total Capital Gain Distribution) Nondividend Distributions $                 - $                 - $                 - $                  - $            - Section 199A Dividends (2) $ 0.972184 $ 0.972184 $ 0.972184 $ 0.972184 $ 3.888736 Section 897 Capital Gain $ 0.006386 $ 0.006386 $ 0.006386 $ 0.006386 $ 0.025544 (1) Pursuant to Treas. Reg. §1.1061-6(c), the Company reports that for purposes of Section 1061 of the Internal Revenue Code, the One Year Amounts Disclosure and the Three Year Amounts Disclosure are $0.00 with respect to direct and indirect holders of "applicable partnership interests." (2) Under Section 199A, REIT dividends are eligible for a 20% deduction when received by eligible taxpayers. Please consult your tax advisor for proper tax treatment of the dividend distribution. THIS INFORMATION REPRESENTS (check one):  X     FINAL INCOME ALLOCATIONS ESTIMATED INCOME ALLOCATIONS About SimonSimon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across North America, Europe and Asia provide community gathering places for millions of people every day and generate billions in annual sales. SOURCE Simon WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

Related News