Simon Property Group Declares Fresh Dividend; Yield is 8.1%

On Tuesday, the company -- which is the top mall real estate investment trust (REIT) in the U.S. -- said its board of directors has declared a common stock distribution of $1.30 per share. Previous to that, however, Simon was more generous, with a $2.10 per share disbursement. It's still well in the black in terms of funds from operations (FFO, considered the most important profitability metric for REITs), and it has done better than many peer landlords in collecting rent from tenants.