Ex-Div Reminder for Kimco Realty Corp.'s Class I Cumulative Redeemable Preferred Stock
On 9/30/15, Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock (Symbol: KIM.PRI) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 10/15/15. As a percentage of KIM.PRI's recent share price of $25.85, this dividend works out to approximately 1.45%, so look for shares of KIM.PRI to trade 1.45% lower - all else being equal - when KIM.PRI shares open for trading on 9/30/15. On an annualized basis, the current yield is approximately 5.77%, which compares to an average yield of 7.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of KIM.PRI shares, versus KIM:
Below is a dividend history chart for KIM.PRI, showing historical dividends prior to the most recent $0.375 on Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Kimco Realty Corp. (Symbol: KIM) makes up 4.08% of the Guggenheim S&P 500 Equal Weight Real Estate ETF ( EWRE ) which is trading relatively unchanged on the day Monday.
In Monday trading, Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock (Symbol: KIM.PRI) is currently off about 0.6% on the day, while the common shares (Symbol: KIM) are down about 1.9%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.