2/14/2024 0 Comments Simon property group stock quoteAs such, it suffers downturns far less than competitors (usually). Simon probably has one of the best-located portfolios in the business. With potential interest rate cuts on the way in the next fiscal year, business could stay good or get better. The general reason for that guidance raise can be summed up as business is good. But management has mentioned that they are filling the vacant space and they also raised guidance. Simon Property Group Recent Dividend History (Simon Property Group Website December 18, 2023)Īs shown above, the dividend is nearly back to where it once was. Dividend HistoryĮver since Simon Management cut the dividend back in 2020, the dividend has been rapidly restored as the business has improved and some worrisome anticipated conditions in the industry have never arrived. An investor with some patience can just wait for the restoration of the dividend to yield a fair amount more than is the case right now, while Simon Management likely continues to build the business so that there will be more dividend increases beyond the old dividend level. The Federal Reserve just hinted at interest rate cuts that should add interest to this issue. ( NYSE: SPG) is one of those mature companies with considerable recovery potential that will likely be added to in the future, along with a dividend that management is restoring quickly to precut levels. Left out of the conversation is the fact that smaller companies often get off track and give up a lot of their gains, or their price gets ahead of their prospects and an investor overpays. So many times, I hear that large mature companies just do not have the potential that smaller companies have.
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