Markets

Kimco Realty's Class J Preferred Stock Crosses Above 6.5% Yield Territory

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Wednesday, shares of Kimco Realty Corp's 5.50% Class J Cumulative Redeemable Preferred Stock (Symbol: KIM.PRJ) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.3752), with shares changing hands as low as $21.10 on the day. This compares to an average yield of 6.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . As of last close, KIM.PRJ was trading at a 14.92% discount to its liquidation preference amount, versus the average premium of 23.26% in the "Real Estate" category.

The chart below shows the one year performance of KIM.PRJ shares, versus KIM:

Performance Comparison Chart

Below is a dividend history chart for KIM.PRJ, showing historical dividend payments on Kimco Realty Corp's 5.50% Class J Cumulative Redeemable Preferred Stock:

KIM.PRJ+Dividend+History+Chart

In Wednesday trading, Kimco Realty Corp's 5.50% Class J Cumulative Redeemable Preferred Stock (Symbol: KIM.PRJ) is currently off about 0.7% on the day, while the common shares (Symbol: KIM) are up about 0.5%.

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

KIM

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