By Marc Lichtenfeld Today, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at Simon Property Group’s dividend safety.
When mall owner Simon Property Group (NYSE: SPG) reports third quarter results in a few weeks, it will be perhaps the most important earnings report in its history. Brick-and-mortar retail has gotten crushed in 2020.
While malls were already facing stiff competition from online competitors, the pandemic temporarily shut retailers’ doors during the spring and many are still experiencing drastically reduced traffic.
So shareholders will be watching Simon’s earnings report closely to see whether its generous 7.7% dividend yield is sustainable.
Now, keep in mind, the company already …read more
