Easy Extra Money Idea of the Day:
Even though some people are worried about online shopping and it’s impact on mall operators like SPG, this stock has been a member of my dividend portfolio for over 10 years. I have been very happy with its performance (both in terms of stock price appreciation and dividends) and believe that it is a very solid performer.
- SPG owns and manages regional malls and outlets around the world
- Founded in 1960 and based in Indianapolis, Indiana
- Dividend Payout Schedule: 2-5-8-11
- To create monthly dividend income, pair with an investment from Dividend Payout: 1-4-7-10 and Dividend Payout: 3-6-9-12
Note that SPG is a REIT (Real Estate Investment Trust) which means that, for tax purposes, its dividends are treated as ordinary income and taxed at a higher rate. So it may be better suited for an IRA (instead of a taxable account).
Check out our YouTube review of SPG!