What is the total dividend distribution per share for SPG common stock in 2024?

Simon Property Group's total dividend distribution for common stock (SPG) in 2024 was $8.10 per share.

Simon Property Group Announces Reporting Information For 2024 Distributions

Rhea-AI Impact

(Neutral)

Rhea-AI Sentiment

(Very Positive)

Rhea-AI Summary

Simon Property Group (SPG) has released its 2024 tax reporting information for dividend distributions. The company's common stock (SPG) paid total distributions of $8.10 per share throughout 2024, with quarterly payments increasing from $1.95 to $2.10 per share. The distributions comprised 99.4% taxable ordinary dividends ($8.05059 per share) and 0.6% capital gain distribution ($0.04941 per share).

For the 8.375% Series J Cumulative Redeemable Preferred Stock (SPGPrJ), the company distributed $4.1875 per share annually, paid in equal quarterly installments of $1.046875. These distributions followed a similar pattern, with 99.4% as taxable ordinary dividends and 0.6% as capital gain distribution.

Under Section 199A, REIT dividends qualify for a 20% deduction for eligible taxpayers. The company confirmed these are final income allocations for tax purposes.

Positive

Consistent quarterly dividend increases throughout 2024 for common stock
High percentage (99.4%) of distributions qualified as taxable ordinary dividends
Dividends eligible for 20% deduction under Section 199A for qualified taxpayers
Stable preferred stock quarterly distributions maintained at $1.046875

Negative

None.

News Market Reaction – SPG

+1.05%

1 alert

+1.05% News Effect

On the day this news was published, SPG gained 1.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

01/21/2025 - 06:55 AM

INDIANAPOLIS, Jan. 21, 2025 /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):

FINAL INCOME ALLOCATIONS

ESTIMATED INCOME ALLOCATIONS

About Simon
Simon^® 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.

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SOURCE Simon

FAQ

How much did SPG's quarterly dividend payments increase throughout 2024?

SPG's quarterly dividend payments increased from $1.95 per share in Q1 to $2.00 in Q2, $2.05 in Q3, and $2.10 in Q4 2024.

What percentage of SPG's 2024 distributions were taxable ordinary dividends?

99.4% of SPG's 2024 distributions ($8.050590 per share) were taxable ordinary dividends.

How much did SPG's Series J Preferred Stock (SPGPrJ) pay in dividends for 2024?

SPGPrJ paid total annual distributions of $4.1875 per share, distributed as $1.046875 quarterly payments.

What tax deduction are SPG REIT dividends eligible for under Section 199A?

Under Section 199A, eligible taxpayers can claim a 20% deduction on REIT dividends from SPG.