On 3/31/14, 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 4/15/14. As a percentage of KIM.PRI's recent share price of $23.00, this dividend works out to approximately 1.63%, so look for shares of KIM.PRI to trade 1.63% lower — all else being equal — when KIM.PRI shares open for trading on 3/31/14. On an annualized basis, the current yield is approximately 6.52%, which compares to an average yield of 7.30% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
As of last close, KIM.PRI was trading at a 7.92% discount to its liquidation preference amount. The chart below shows the one year performance of KIM.PRI shares, versus KIM:
Below is a dividend history chart for KIM.PRI, showing historical dividends prior to the most recent $0.375 on Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock:
According to the ETF Finder at ETF Channel, Kimco Realty Corp. (KIM) makes up 5.02% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Thursday.