Kimco Realty Corporation (KIM) To Go Ex-Dividend on September 4th

Kimco Realty Corporation (NYSE:KIM) declared a quarterly dividend on Monday, August 3rd. Investors of record on Friday, September 4th will be paid a dividend of 0.28 per share by the real estate investment trust on Thursday, September 17th. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Friday, September 4th. This is a 7.7% increase from Kimco Realty’s previous quarterly dividend of $0.26.

Kimco Realty has increased its dividend by an average of 0.1%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 151.4% 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 $1.91 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 58.6%.

Kimco Realty Stock Up 1.6%

KIM opened at $24.10 on Wednesday. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.53 and a beta of 0.94. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $26.65. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.23 and a current ratio of 5.23. The company has a fifty day moving average of $25.00 and a two-hundred day moving average of $24.05.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Tuesday, August 4th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.26. Kimco Realty had a return on equity of 5.76% and a net margin of 27.76%.The firm had revenue of $550.80 million for the quarter, compared to the consensus estimate of $543.75 million. During the same quarter last year, the business posted $0.44 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. Kimco Realty has set its FY 2026 guidance at 1.830-1.840 EPS. On average, research analysts expect that Kimco Realty will post 1.84 earnings per share for the current year.

Kimco Realty Company Profile

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.