In trading on Wednesday, shares of Kimco Realty Corp's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (Symbol: KIM.PRN) were yielding above the 6% mark based on its quarterly dividend (annualized to $3.6248), with shares changing hands as low as $59.90 on the day. This compares to an average yield of 8.11% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KIM.PRN was trading at a 21.08% premium to its liquidation preference amount, versus the average discount of 14.38% in the "Real Estate" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 3.4699.
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Below is a dividend history chart for KIM.PRN, showing historical dividend payments on Kimco Realty Corp's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares:
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In Wednesday trading, Kimco Realty Corp's 7.25% Series D Cumulative Convertible Perpetual Preferred Shares (Symbol: KIM.PRN) is currently down about 0.7% on the day, while the common shares (Symbol: KIM) are down about 0.5%.
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