Preferred series

Simon Property Group, Inc. (SPG-PJ)

Simon Property Group, Inc. trades as SPG-PJ on NYSE. This page collects what it has actually paid — every recorded payment, the calendar-year totals, the forward and trailing 12-month yields side by side against the last price, and the dates already declared.

$56.46 $1.45 (+2.64%)
52-week range $52.30 – $58.27
Preferred series NYSEFinancial ServicesPreferred Stock

Price as of Aug 25, 2026 (12 hours ago) · supplied by fmp. Quotes may be delayed. Verify with your broker before acting on anything here.

Forward yield 7.42% Last regular payment annualised, divided by the last price. An estimate of the next twelve months — not money that has been paid.
Trailing 12-month yield 7.42% Cash actually paid per share over the last 365 days ($4.19) divided by the last price. Backward-looking, and not comparable with a bond's yield to maturity or an index yield.
Forward annual payment $4.19 Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid.
Pays Quarterly Cadence of the regular payment, accepted only after three consecutive payments were reported at the same frequency.
Next ex-date Sep 16, 2026 First day the shares trade without the next payment attached.
Next pay date Sep 30, 2026 When the declared payment reaches holders.
Growth streak 0 yr No current run of increases: the most recent complete calendar year did not pay more than the year before it. Our stored payment history for this security begins in 2005.
Years paying 21 Complete calendar years with a payment in our stored history, which begins in 2005. The issuer may have paid for longer than we hold.
Payout ratio Not in the database yet.
Income score 61 0-100 research screen, not a recommendation.

The two yields above are different measurements and are not interchangeable. The forward yield annualises the last regular payment; the trailing 12-month yield counts the cash actually paid over the last 365 days. Neither is an interest rate, a bond's yield to maturity or an index effective yield, and none of those may be compared with these as like for like. See how we compute these numbers.

Our stored payment history for SPG-PJ begins in 2005. There is no current run of increases to report: either the most recent complete calendar year did not pay more than the year before it, or there is no earlier complete year in our history to compare it with.

A yield is just a payment divided by a price, so it moves every day even when the payment does not. The forward number is an estimate of the next twelve months; the trailing number is what was actually paid over the last twelve. Ex-date is the cut-off: own the shares before it and the next payment is yours, buy on or after it and the seller keeps it.

SPG-PJ is a preferred series, series J — a separate class of shares issued by Simon Property Group, Inc. (SPG), not the common stock itself. Most exchange-listed US preferreds are issued at a $25 par value and pay a stated rate on that par, so the dollar payment is fixed while the market price moves with interest rates and with the issuer's credit.

Preferred shares rank ahead of the common stock and behind every lender. The issuer must pay the preferred dividend before it pays anything to common holders, but it can skip the preferred dividend entirely — a cumulative series accrues the arrears, a non-cumulative one does not. Most series carry no vote and become callable at par on a set date, which is why a preferred trading above par rarely goes much higher. Read how preferred stocks work.

The common stock of the same issuer is SPG. The two securities respond to different things: the common tracks the business, the preferred tracks rates and credit.

Figures on this page are computed by Income Investing from the payment history and last price stored in our own database; the payment records come from fmp and the price from fmp, last recomputed Aug 25, 2026. They describe what has been paid, not what will be paid. Yield, payout ratio, our data sources and our methodology are explained elsewhere on the site.

Payment history

Each row is one payment as recorded by our data provider, newest first. The final column compares it with the nearest payment about a year earlier.

The table lists the 24 most recent recorded dividends for SPG-PJ, newest first, with ex-dates running from Dec 16, 2020 to Sep 16, 2026. The latest is $1.05 per share in USD, ex-date Sep 16, 2026, pay date Sep 30, 2026. Measured against the nearest payment about a year earlier, 0 are higher, 0 lower and 24 unchanged; the remaining 0 have no comparable payment in the record. None is flagged as a special or one-off payment. Payment records supplied by fmp.

How to read this table: one row is one payment, newest at the top, and the amount is what a single share received on that one date. It is not an annual figure — the yearly ones are in the tiles above and in the totals further down. A row marked Special is a one-off the issuer chose to make rather than part of the regular schedule, which is why it is left out of the year-on-year comparison and out of those yearly totals. Whether the amount repeats for several rows or moves every time is a fact about the structure rather than a sign of health: a company usually resets its dividend once a year, while a fund's distribution can change with every payment.

Recorded payments for SPG-PJ. Amounts are per share as declared, in USD.
Ex-dateOwn it before this day and this payment is yours. Pay date Amount per shareWhat one share received on that date, before tax. Cadence tagged by provider Type vs. a year earlier
Sep 16, 2026 Sep 30, 2026 $1.0469 Quarterly Regular 0.00%
Jun 16, 2026 Jun 30, 2026 $1.0469 Quarterly Regular 0.00%
Mar 17, 2026 Mar 31, 2026 $1.0469 Quarterly Regular 0.00%
Dec 17, 2025 Dec 31, 2025 $1.0469 Quarterly Regular 0.00%
Sep 16, 2025 Sep 30, 2025 $1.0469 Quarterly Regular 0.00%
Jun 16, 2025 Jun 30, 2025 $1.0469 Quarterly Regular 0.00%
Mar 17, 2025 Mar 31, 2025 $1.0469 Quarterly Regular 0.00%
Dec 16, 2024 Dec 30, 2024 $1.0469 Quarterly Regular 0.00%
Sep 16, 2024 Sep 30, 2024 $1.0469 Quarterly Regular 0.00%
Jun 14, 2024 Jun 28, 2024 $1.0469 Quarterly Regular 0.00%
Mar 14, 2024 Mar 29, 2024 $1.0469 Quarterly Regular 0.00%
Dec 14, 2023 Dec 29, 2023 $1.0469 Quarterly Regular 0.00%
Sep 14, 2023 Sep 29, 2023 $1.0469 Quarterly Regular 0.00%
Jun 15, 2023 Jun 30, 2023 $1.0469 Quarterly Regular 0.00%
Mar 16, 2023 Mar 31, 2023 $1.0469 Quarterly Regular 0.00%
Dec 15, 2022 Dec 30, 2022 $1.0469 Quarterly Regular 0.00%
Sep 15, 2022 Sep 30, 2022 $1.0469 Quarterly Regular 0.00%
Jun 15, 2022 Jun 30, 2022 $1.0469 Quarterly Regular 0.00%
Mar 16, 2022 Mar 31, 2022 $1.0469 Quarterly Regular 0.00%
Dec 16, 2021 Dec 31, 2021 $1.0469 Quarterly Regular 0.00%
Sep 15, 2021 Sep 30, 2021 $1.0469 Quarterly Regular 0.00%
Jun 15, 2021 Jun 30, 2021 $1.0469 Quarterly Regular 0.00%
Mar 16, 2021 Mar 31, 2021 $1.0469 Quarterly Regular 0.00%
Dec 16, 2020 Dec 31, 2020 $1.0469 Quarterly Regular 0.00%

The cadence column is the tag our provider attached to that individual payment (fmp), not the security's established schedule. The two can disagree, which is why the cadence shown in the tiles above is only accepted after three consecutive payments were tagged the same way.

A blank comparison means there was no comparable payment within sixty days of the same point a year earlier — a new payer, a changed cadence, or a gap in the record. Special and one-off payments are labelled and are excluded from the comparison.

Dividends by calendar year

Calendar-year totals, bucketed by ex-dividend date: every regular dividend whose ex-dividend date fell in that year, for the last ten complete years on record. These are amounts actually paid, never a forward estimate, and they are not the issuer's own annual dividend figure.

The chart covers 10 complete calendar years for SPG-PJ, 2016 to 2025, per share, in USD. Each bar totals the regular dividends with an ex-dividend date in that calendar year. The year is assigned by ex-dividend date, which is not necessarily the issuer's own dividend year. Our stored payment history for SPG-PJ begins in 2005. The total went from $4.19 in 2016 to $4.19 in 2025 — essentially unchanged. Within that span 0 years were higher than the year before and 0 lower. The three most recent years shown are 2023 $4.19, 2024 $4.19 and 2025 $4.19. The current year is still in progress and is left out, and special or one-off payments are excluded. This is a record of what was paid, not a projection. Every year shown holds the 4 dividends a quarterly cadence implies, so no year on this chart is short or long because a payment shifted across a year end.

Each bar, and each row underneath it, is one calendar year of regular payments added together for a single share. Read left to right and you are reading whether the payment has grown, held or been cut — a record of what was paid, never a forecast of what will be. One thing to watch for: a year here is decided by the date the payment went ex, so when that date slips across a year end one year holds an extra payment and its neighbour is one short while the payment itself never moved. Any year where that has happened is drawn as a dashed bar and marked with an asterisk, and it is the usual reason these totals differ from the annual figure the issuer itself publishes.

2016: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2016 2017: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2017 2018: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2018 2019: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2019 2020: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2020 2021: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2021 2022: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2022 2023: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2023 2024: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2024 2025: $4.1875 per share from 4 payments, matching the 4 a year the recorded cadence implies. 4.19 2025
Bar height is the total per share of the regular dividends whose ex-dividend date fell in that calendar year, in USD. The year is assigned by ex-dividend date, not by the issuer's own dividend year and not by the date the cash arrived. These are a trailing record — never the forward estimate shown in the tiles above.
Complete calendar years only, bucketed by ex-dividend date — the current year is still in progress and is left out.
Year Paid per share that yearEvery regular payment dated in that year, added up, for one share. Payments in the yearA count that differs from the usual one means a payment moved across a year end. Change on the year before
2016 $4.19 4 0.00%
2017 $4.19 4 0.00%
2018 $4.19 4 0.00%
2019 $4.19 4 0.00%
2020 $4.19 4 0.00%
2021 $4.19 4 0.00%
2022 $4.19 4 0.00%
2023 $4.19 4 0.00%
2024 $4.19 4 0.00%
2025 $4.19 4 0.00%
What can go wrong
Preferred dividends can be skipped. Cumulative series accrue the missed payments; non-cumulative series do not, and that money is simply gone. Most series are callable at par on or after a set date, which caps the upside — an issuer refinances when rates fall, and leaves the series outstanding when they rise. Fixed-rate series lose market value when yields rise, they trade thinly with wide spreads, and holders rank behind every lender in a bankruptcy.

Similar securities

The eight closest preferred series entries by trailing 12-month yield, in the same sector. A research screen, not a recommendation.

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These are not the best-paying securities of this kind, and no ranking is meant by the order. They are the ones whose trailing 12-month yield sits nearest to this one, in the same structure and usually the same sector, so that this security can be seen in company rather than on its own. Every figure here is backward-looking cash that has already been paid. A row that sits well away from the rest is a question to take to that security's own page, not an answer.

Ticker Name Price Trailing 12m yieldCash paid out over the last year, over today's price. Paid over 12 months Pays
AHL-PE Aspen Insurance Holdings Limited $18.93 7.43% $1.41 Quarterly
TRTN-PD Triton International Limited $23.13 7.43% $1.72 Quarterly
SCE-PL SCE Trust VI 5% TR PREF SECS $16.90 7.40% $1.25 Quarterly
BIP-PB Brookfield Infrastructure Partners L.P. $16.91 7.39% $1.25 Quarterly
AHL-PD Aspen Insurance Holdings Limited $19.03 7.39% $1.41 Quarterly
ET-PI Energy Transfer LP $11.43 7.39% $0.84 Quarterly
SCE-PG SCE Trust II TR PFD SECS 5.1% $17.12 7.45% $1.27 Quarterly
CTO-PA CTO Realty Growth, Inc. $21.39 7.45% $1.59 Quarterly

Every row in this table is on the same basis — cash actually paid per share over the last 365 days, divided by that security's last price — so the column can be read down. Forward estimates are deliberately not used here, because they exist for some securities and not others and a mixed column would invite a comparison that does not hold. A dash means no payment was recorded in the last 365 days, or no price is on file. Open a security to see both of its yields.

Where these are traded

QuantumOnline

A long-running free reference database of US exchange-traded preferred shares, baby bonds and other income securities, indexed by issuer and series.

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SEC EDGAR

Preferred share terms — coupon, call date, cumulative or non-cumulative, conversion and ranking — are set out in the prospectus supplement filed here.

Search the issuer, then look for the 424B prospectus supplement for that series

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Preferred Stock Channel

A screening site that lists exchange-traded preferred series with coupon, call date, par value and current yield.

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Interactive Brokers

A US brokerage that trades exchange-listed preferred shares and baby bonds alongside stocks, with direct routing to the listing exchange.

Preferred series carry non-standard ticker suffixes that differ between brokers

Visit Interactive Brokers ↗

Listed because they offer access to this kind of security, not as an endorsement of it.

Questions about SPG-PJ

Does SPG-PJ pay a dividend, and how often?
Yes. The regular payment cadence recorded for SPG-PJ is quarterly. The annual figure works out at $4.19 per share. Forward estimate: the last regular payment multiplied by the number of payments a year. It is an estimate of the next twelve months, not cash that has been paid. The last ex-date in our history is Jun 16, 2026.
What is the yield on SPG-PJ, and is it forward or trailing?
There are two, and they measure different things. The forward yield is 7.42%: the last regular payment annualised to $4.19 a year and divided by the last price of $56.46. That is an estimate of the next twelve months. The trailing 12-month yield is 7.42%: the $4.19 per share actually paid over the last 365 days, divided by the same price. Neither number is a bond's yield to maturity, an index effective yield or an interest rate, and none of those should be compared with these as like for like. Yield also moves inversely with price, so it rises when the market marks the security down — a high number is a question, not an answer.
When is the next SPG-PJ ex-dividend date?
The next ex-date recorded for SPG-PJ is Sep 16, 2026, with the payment due Sep 30, 2026. Shares bought on or after the ex-date do not carry that payment; the seller keeps it. Dates are as announced and can change.
Has the SPG-PJ payment grown?
Over the complete calendar years in our history, the total went from $4.19 in 2016 to $4.19 in 2025. The chart on this page shows every year in between, including any cuts. Those totals bucket each payment by its ex-dividend date, so a year can hold more or fewer payments than the cadence implies when a payment shifts across a year end. Past payment history describes what happened, not what will happen.
How to read this page
Nothing on this page is investment advice or a recommendation to buy, hold or sell SPG-PJ. Figures are drawn from third-party market data and our own calculations, may be delayed or wrong, and can change without notice. Confirm every number with the issuer and with your own broker, tax adviser and financial adviser before acting.

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