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