Kimco Realty's Class L Preferred Stock Shares Cross 6.5% Yield Mark

In trading on Monday, shares of Kimco Realty Corp's 5.125% Class L Cumulative Redeemable Preferred Stock (Symbol: KIM.PRL) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.2812), with shares changing hands as low as $19.71 on the day. This compares to an average yield of 8.13% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KIM.PRL was trading at a 21.04% discount to its liquidation preference amount, versus the average discount of 14.51% in the "Real Estate" category.

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

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:

In Monday trading, Kimco Realty Corp's 5.125% Class L Cumulative Redeemable Preferred Stock (Symbol: KIM.PRL) is currently up about 0.2% on the day, while the common shares (Symbol: KIM) are off about 0.2%.

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