LTOke schreef op 7 februari 2024 10:44:
Hoe SPG denkt over hun dividend (1,90 per kwartaal; 5,3%).
Wellicht iets om de verwachting bij URW aan te spiegelen.
David Simon -- Chairman, President, and Chief Executive Officer
Well, I mean, Alex, look, our yield is ridiculously hot, OK? So, that's really -- I mean we could financially pay 2 10 tomorrow, right? So, we have 1.5 billion of free cash flow after our dividends. So, it's nothing to do with financial wherewithal. You know, I mean we'd like -- we would like -- you know, we don't like trading at this higher yield. So -- so, I think -- I think that's kind of how we look at it. We still think as we have these, you know, additional capital events, we still are, you know, anxious to continue to -- to -- to buy our stock back.
And I -- and again, when I look at either the S&P 500, I look at the REIT peer group, I look at, you know, what the strip center rates are, you know, our yield is plenty high for investors. So, I tell all of my investors I could pay 2 10 tomorrow evening, OK, per quarter without -- without a blink. But our yield is too high. And, you know, it'll be there before you know it.
But we would like to trade a little lower yield because, you know, we think -- you know, you -- certainly, if you look at it on that basis, you know, our yield is -- is higher than it should be. I mean the S&P is under 2%. Our REIT strip centers, Tom, are in the 4s. You know, we're close to seven, right, 6.5, seven?