Better Dividend Stock: Simon Property vs. Kimco Realty
Kimco Realty (KIM) raised its quarterly dividend 12% to $0.28 per share, while Simon Property Group (SPG) increased its dividend 4.7% to $2.25 per share. Kimco yields 5.1% and Simon yields 4.5%. Simon's AFFO payout ratio is 76% and Kimco's is 80%. Kimco has higher debt at 6.1x net debt to EBITDA compared to Simon's 5.5x.




