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Kimco Realty Corp's 5.25% Class M Cumulative Redeemable Preferred Stock About To Put More Money In Your Pocket

On 9/30/19, 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 10/15/19. As a percentage of KIM.PRM's recent share price of $26.04, this dividend works out to approximately 1.26%, so look for shares of KIM.PRM to trade 1.26% lower — all else being equal — when KIM.PRM shares open for trading on 9/30/19. On an annualized basis, the current yield is approximately 5.03%, which compares to an average yield of 6.63% 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 off about 0.1% on the day, while the common shares (Symbol: KIM) are trading flat.

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.

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