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