Santa Says Simon Has Been Very, Very Good This Year
Simon Property Group is hitting all cylinders and the A- (S&P) rated mall REIT is flying high again. Santa should have no problem delivering durable dividends as Simon's annual dividend yield of 2.79% is well above the S&P average of 2.1%.
Simon is a "sleep well at night" REIT and Santa should have no problem delivering holiday cheer to the good boys and girls. Happy Holidays.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.