On 12/30/13, Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock (KIM.PRI) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 1/15/14. As a percentage of KIM.PRI's recent share price of $20.84, this dividend works out to approximately 1.80%, so look for shares of KIM.PRI to trade 1.80% lower — all else being equal — when KIM.PRI shares open for trading on 12/30/13. On an annualized basis, the current yield is approximately 7.16%, which compares to an average yield of 7.82% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
Cash Dividend On The Way From Kimco Realty Corp.'s Class I Cumulative Redeemable Preferred Stock
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