Kimco Realty Corporation (KIM) To Go Ex-Dividend on June 5th

Kimco Realty Corporation (NYSE:KIM) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.26 per share by the real estate investment trust on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, June 5th.

Kimco Realty has raised 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 140.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Kimco Realty to earn $1.90 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 54.7%.

Kimco Realty Stock Performance

NYSE:KIM opened at $23.72 on Wednesday. Kimco Realty has a twelve month low of $19.76 and a twelve month high of $24.62. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $23.35 and a 200-day moving average of $22.02. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 27.58, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96.

Kimco Realty (NYSE:KIM) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The business had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. During the same period in the previous year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. Analysts forecast that Kimco Realty will post 1.83 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kimco Realty by 59.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 111,247 shares of the real estate investment trust’s stock valued at $2,351,000 after buying an additional 41,265 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kimco Realty by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 639,985 shares of the real estate investment trust’s stock worth $13,593,000 after acquiring an additional 38,554 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in shares of Kimco Realty during the first quarter worth $61,000. Quantbot Technologies LP purchased a new stake in shares of Kimco Realty during the second quarter worth $331,000. Finally, EverSource Wealth Advisors LLC boosted its position in Kimco Realty by 30.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,069 shares of the real estate investment trust’s stock valued at $107,000 after purchasing an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 89.25% of the company’s stock.

About Kimco Realty

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.