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Cash Dividend On The Way From Kimco Realty Corp's 5.25% Class M Cumulative Redeemable Preferred Stock

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On 12/31/18, Kimco Realty Corp's 5.25% Class M Cumulative Redeemable Preferred Stock (Symbol: KIM.PRM) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 1/15/19. As a percentage of KIM.PRM's recent share price of $20.06, this dividend works out to approximately 1.64%, so look for shares of KIM.PRM to trade 1.64% lower - all else being equal - when KIM.PRM shares open for trading on 12/31/18. On an annualized basis, the current yield is approximately 6.48%, which compares to an average yield of 7.71% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of KIM.PRM shares, versus KIM:

Performance Comparison Chart

Below is a dividend history chart for KIM.PRM, showing historical dividends prior to the most recent $0.3281 on Kimco Realty Corp's 5.25% Class M Cumulative Redeemable Preferred Stock:

KIM.PRM+Dividend+History+Chart

In Thursday trading, Kimco Realty Corp's 5.25% Class M Cumulative Redeemable Preferred Stock (Symbol: KIM.PRM) is currently down about 1.5% on the day, while the common shares (Symbol: KIM) are off about 1.8%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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