Kimco Realty Announces Quarterly Cash Dividends on Common and Preferred Shares
January 31 2018 - 4:01PM
Business Wire
Kimco Realty Corp. (NYSE: KIM) announced today that its board of
directors has declared a quarterly cash dividend of $0.28 per
common share, payable on April 16, 2018 to shareholders of record
on April 3, 2018.
The company also announced that its board of directors has
declared quarterly dividends for the company’s preferred shares,
payable on April 16, 2018 to shareholders of record on April 2,
2018, as follows:
- Class I depositary shares, each
representing 1/1000 of a share of 6.00% Class I cumulative
redeemable preferred shares, a quarterly dividend of $0.37500 per
preferred depositary share.
- Class J depositary shares, each
representing 1/1000 of a share of 5.50% Class J cumulative
redeemable preferred shares, a quarterly dividend of $0.34375 per
preferred depositary share.
- Class K depositary shares, each
representing 1/1000 of a share of 5.625% Class K cumulative
redeemable preferred shares, a quarterly dividend of $0.35156 per
preferred depositary share.
- Class L depositary shares, each
representing 1/1000 of a share of 5.125% Class L cumulative
redeemable preferred shares, a quarterly dividend of $0.32031 per
preferred depositary share.
- Class M depositary shares, each
representing 1/1000 of a share of 5.25% Class M cumulative
redeemable preferred shares, an initial dividend of $0.419270 per
preferred depositary share representing the period from December
20, 2017 through and including April 14, 2018.
About Kimco
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust
(REIT) headquartered in New Hyde Park, N.Y., that is one of North
America’s largest publicly traded owners and operators of open-air
shopping centers. As of September 30, 2017, the company owned
interests in 507 U.S. shopping centers comprising 84 million square
feet of leasable space primarily concentrated in the top major
metropolitan markets. Publicly traded on the NYSE since 1991, and
included in the S&P 500 Index, the company has specialized in
shopping center acquisitions, development and management for more
than 50 years. For further information, please visit
www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or
follow Kimco on Twitter at https://twitter.com/kimcorealty.
Safe Harbor Statement
The statements in this news release state the company’s and
management’s intentions, beliefs, expectations or projections of
the future and are forward-looking statements. It is important to
note that the company’s actual results could differ materially from
those projected in such forward-looking statements. Factors which
may cause actual results to differ materially from current
expectations include, but are not limited to, (i) general adverse
economic and local real estate conditions, (ii) the inability of
major tenants to continue paying their rent obligations due to
bankruptcy, insolvency or a general downturn in their business,
(iii) financing risks, such as the inability to obtain equity, debt
or other sources of financing or refinancing on favorable terms to
the company, (iv) the company’s ability to raise capital by selling
its assets, (v) changes in governmental laws and regulations, (vi)
the level and volatility of interest rates and foreign currency
exchange rates and management’s ability to estimate the impact
thereof, (vii) risks related to the company’s international
operations, (viii) the availability of suitable acquisition,
disposition, development and redevelopment opportunities, and risks
related to acquisitions not performing in accordance with our
expectations, (ix) valuation and risks related to the company’s
joint venture and preferred equity investments, (x) valuation of
marketable securities and other investments, (xi) increases in
operating costs, (xii) changes in the dividend policy for the
company’s common stock, (xiii) the reduction in the company’s
income in the event of multiple lease terminations by tenants or a
failure by multiple tenants to occupy their premises in a shopping
center, (xiv) impairment charges and (xv) unanticipated changes in
the company’s intention or ability to prepay certain debt prior to
maturity and/or hold certain securities until maturity. Additional
information concerning factors that could cause actual results to
differ materially from those forward-looking statements is
contained from time to time in the company’s SEC filings. Copies of
each filing may be obtained from the company or the SEC.
The company refers you to the documents filed by the company
from time to time with the SEC, specifically the section titled
“Risk Factors” in the company’s Annual Report on Form 10-K for the
year ended December 31, 2016, as may be updated or supplemented in
the company’s Quarterly Reports on Form 10-Q and the company’s
other filings with the SEC, which discuss these and other factors
that could adversely affect the company’s results. The company
disclaims any intention or obligation to update the forward-looking
statements, whether as a result of new information, future events
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20180131006205/en/
Kimco Realty CorporationDavid F. Bujnicki, 1-866-831-4297Senior
Vice President, Investor Relations and
Strategydbujnicki@kimcorealty.com
Kimco Realty (NYSE:KIM)
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