Kimco Realty Corporation (NYSE:KIM) declared 3Q20 dividend of $ 0.10 per share, or $ 0.40 annualized.
The dividend will be payable on September 24, 2020, to stockholders of record on September 10, 2020, with an ex-dividend date of September 9, 2020.
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Kimco Realty Corporation recently reported second quarter financial results on August 7, 2020, before market open, the New Hyde Park based company outlined income for the second quarter of $ 0.24 per share, from the revenue of $ 238.92 million. The quarterly earnings developed 20.00 percent while revenues reduced 14.89 percent compared with the same quarter last year. According to street consensus, KIM was expected to report 2Q20 income of $ 0.07 per share from revenue of $ 249.00 million. The bottom line results beat street analysts by $ 0.17 or 242.86 percent, at the same time, top line results fell short of analysts by $ 10.08 million or 4.05 percent.
Shares of Kimco Realty Corporation traded up $ 0.27 or 2.25 percent on Tuesday, reaching $ 12.26 with volume of 1.88 million shares. The stock opened down for the day at $ 11.78, after closing the previous day trading at $ 11.99.
According to the previous trading day, closing price of $ 11.99, representing a 60.94 % increase from the 52 week low of $ 7.45 and a 45.15 % decrease over the 52 week high of $ 21.86.
The company has a market capital of $ 5.30 billion and is part of the Real Estate sector and REIT – Retail industry.
Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North Americas largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2019, the company owned interests in 428 U.S.