Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sat, May 21, 7:53 AM
|This Slide: #534 of 581|
Slide #534. Kimco Realty Corporation — Preferred Stock Offering
Kimco Realty Corporation (NYSE:KIM)
Preferred Stock Offering Details:
Kimco Realty Corporation announced the sale of 7,000,000 depositary shares, each representing a 1/1000 fractional interest in a share of the company's 5.625% Class K Cumulative Redeemable Preferred Stock, $1.00 par value per share. These depositary shares, priced at $25.00 per depositary share, entitle holders of each depositary share to a 5.625% cumulative dividend, or $1.40625 per annum, are not convertible into common stock and are redeemable at par at the option of the company on and after December 7, 2017.
Kimco Realty is a self-administered real estate investment trust. Co. is engaged principally in the ownership, management, development and operation of open-air shopping centers, which are anchored primarily by grocery stores, off-price retailers, discounters or service-oriented tenants. Co.'s ownership interests in real estate consist of its consolidated portfolio and portfolios where it owns an economic interest, such as properties in Co.'s investment real estate management programs, where Co. partners with institutional investors and also retains management.
Open the KIM Page at Preferred Stock Channel »
Free KIM Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Strong Buy (3.72 out of 4)
(ranked higher than approx. 63% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com