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.
Reminder: Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
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