On 9/28/12, Kimco Realty Corp.'s 6.00% Class I Cumulative Redeemable Preferred Stock (NYSE: KIM.PRI) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 10/15/12. As a percentage of KIM.PRI's recent share price of $26.40, this dividend works out to approximately 1.42%, so look for shares of KIM.PRI to trade 1.42% lower — all else being equal — when KIM.PRI shares open for trading on 9/28/12. On an annualized basis, the current yield is approximately 5.70%, which compares to an average yield of 6.23% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.
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