NEW YORK (
) -- The ex-dividend date for
) is Monday, July 2, 2012. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $18.89 as of 10 a.m. ET, the dividend yield is 4.2%.
The average volume for Kimco has been three million shares per day over the past 30 days. Kimco has a market cap of $7.43 billion and is part of the
industry. Shares are up 13.6% year to date as of the close of trading on Thursday.
Kimco Realty Corporation is an independent real estate investment trust. The firm invests in the real estate markets across North America. It is primarily engaged in acquisitions, development, and management of neighborhood and community shopping centers. The company has a P/E ratio of 58.9, below the average real estate industry P/E ratio of 60.8 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Kimco as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full