Simon Property Group (NYSE: SPG) declared a quarterly dividend of $1.50 per share, or $6 annualized. This is a 7.1% increase from the prior dividend of $1.40.

The dividend will be payable on May 29, 2015, to stockholders of record on May 15, 2015, with an ex-dividend date of May 13, 2015.

The annual yield on the dividend is 3.2 percent.

For a dividend history and other dividend-related data on Simon Property Group (SPG) click here.