TITLE

Stock and Trade

PUB. DATE
March 2009
SOURCE
Retail Traffic;Mar2009, Vol. 38 Issue 2, p17
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of Simon Property Group Inc. to pay out its fourth quarter dividend in the form of 90% stock instead of cash in the U.S. It is stated that the decision which was made during Simon's 2008 year-end result report could trigger a new trend for retail real estate investment trust (REIT). Moreover, if the decision will be adopted for the remainder 2009, the stock dividend will allow Simon to retain $925 million in cash in 2009.
ACCESSION #
37179771

 

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