Markets

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:

Performance Comparison Chart

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:

KIM.PRI+Dividend+History+Chart

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%.

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.

In This Story

EWRE KIM

Other Topics

Investing

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More