Kimco Realty Corporation (NYSE:KIM) to Issue $0.26 Quarterly Dividend

Kimco Realty Corporation (NYSE:KIMGet Free Report) announced a quarterly dividend on Thursday, February 12th. Investors of record on Friday, March 6th will be paid a dividend of 0.26 per share by the real estate investment trust on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, March 6th.

Kimco Realty has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Kimco Realty has a payout ratio of 140.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kimco Realty to earn $1.76 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 59.1%.

Kimco Realty Price Performance

Shares of NYSE:KIM traded up $0.37 during midday trading on Thursday, hitting $22.36. 7,467,521 shares of the stock were exchanged, compared to its average volume of 5,509,804. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average price of $20.67 and a 200-day moving average price of $21.15. Kimco Realty has a twelve month low of $17.93 and a twelve month high of $22.97. The stock has a market cap of $15.14 billion, a P/E ratio of 26.94, a PEG ratio of 1.21 and a beta of 1.07.

Kimco Realty (NYSE:KIMGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The real estate investment trust reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. Kimco Realty had a return on equity of 5.60% and a net margin of 28.24%.The company had revenue of $542.46 million during the quarter, compared to the consensus estimate of $539.21 million. During the same quarter last year, the business posted $0.42 earnings per share. Kimco Realty’s revenue was up 3.3% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.800-1.840 EPS. On average, research analysts forecast that Kimco Realty will post 1.71 earnings per share for the current year.

Key Headlines Impacting Kimco Realty

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Kimco Realty Company Profile

(Get Free Report)

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation (NYSE: KIM) is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company’s portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco’s core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.

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Dividend History for Kimco Realty (NYSE:KIM)

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