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Simon (SPG) says stock - not cash - for dividend |
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| Mar 24, 2009 02:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Bad news, Stocks to Sell
Simon Properties Group (NYSE: SPG) announced in January that it would be paying dividends in stock rather than cash for the current quarter and, presumably, in future quarters. The company's board of directors voted a 90-cent quarterly dividend, with 90% to be paid in stock and the remainder to be paid in cash. REITs have long been a favorite for dividend savvy investors looking for a tax-advantaged return from the companies in which they invest. The move by Simon Property has stirred unease in the REIT marketplace in general, and for Simon in particular. Continue reading Simon (SPG) says stock - not cash - for dividend Simon (SPG) says stock - not cash - for dividend originally appeared on BloggingStocks on Tue, 24 Mar 2009 09:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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When the largest publicly traded real estate investment trust (REIT) in the United States speaks, investors listen.Be the first to comment on this story and earn 2 points.
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