Kimco Realty Corporation (NYSE:KIM) Plans $0.26 Quarterly Dividend

Kimco Realty Corporation (NYSE:KIM) declared a quarterly dividend on Thursday, April 30th. Stockholders 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) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, June 5th.

Kimco Realty has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Kimco Realty has a dividend payout ratio of 140.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kimco Realty to earn $1.89 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 55.0%.

Kimco Realty Price Performance

Shares of NYSE KIM opened at $23.65 on Friday. The stock has a market capitalization of $15.95 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.32 and a beta of 1.03. The business has a 50-day moving average of $23.17 and a 200-day moving average of $21.68. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.31 and a quick ratio of 3.31. Kimco Realty has a fifty-two week low of $19.76 and a fifty-two week high of $24.31.

Kimco Realty (NYSE:KIM) last announced its quarterly earnings data on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. The company had revenue of $558.02 million during the quarter, compared to analysts’ expectations of $542.73 million. Kimco Realty had a return on equity of 5.49% and a net margin of 27.32%.Kimco Realty’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. As a group, sell-side analysts predict that Kimco Realty will post 1.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KIM has been the subject of several analyst reports. Morgan Stanley raised their price objective on Kimco Realty from $23.50 to $24.00 and gave the company an “equal weight” rating in a report on Thursday, April 16th. Robert W. Baird set a $25.00 price objective on Kimco Realty in a report on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on Kimco Realty from $23.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Evercore set a $24.00 price objective on Kimco Realty in a report on Friday, February 13th. Finally, Scotiabank raised their price objective on Kimco Realty from $22.00 to $24.00 and gave the company a “sector perform” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kimco Realty presently has a consensus rating of “Moderate Buy” and an average price target of $24.73.

Kimco Realty Company Profile

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.