Kimco Realty's Class L Preferred Stock Shares Cross 6% Yield Mark

By Preferred Stock Channel Staff, Monday, April 15, 2:33 PM ET

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In trading on Monday, shares of Kimco Realty Corp's 5.125% Class L Cumulative Redeemable Preferred Stock (NYSE:KIM.PRL) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.2812), with shares changing hands as low as $21.13 on the day. This compares to an average yield of 7.96% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KIM.PRL was trading at a 12.92% discount to its liquidation preference amount, versus the average discount of 15.46% in the "Real Estate" category.

The chart below shows the one year performance of KIM.PRL shares, versus KIM:

Performance Comparison Chart

Below is a dividend history chart for KIM.PRL, showing historical dividend payments on Kimco Realty Corp's 5.125% Class L Cumulative Redeemable Preferred Stock:

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In Monday trading, Kimco Realty Corp's 5.125% Class L Cumulative Redeemable Preferred Stock (NYSE:KIM.PRL) is currently down about 2.8% on the day, while the common shares (NYSE:KIM) are off about 0.5%.

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Kimco Realty's Class L Preferred Stock Shares Cross 6% Yield Mark

Kimco Realty's Class L Preferred Stock Shares Cross 6% Yield Mark | www.PreferredStockChannel.com