Dividend Stock: SPG

Easy Extra Money Idea of the Day:

Passive income monthly through dividend stock/ETF investing, interest payments (bonds, P2P investing), and alternative investments

One of my favorite dividend stocks is Simon Property Group (SPG).

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!

 

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Easy extra money through dividend stock investing, P2P lending, real estate income, and alternative online money making ideas
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