Kimco Realty Declares Cash Dividends on Common Stock and Class L and Class M Preferred Stock

Rhea-AI Summary

Kimco Realty Corp. (NYSE: KIM) announced a quarterly cash dividend of $0.17 per share, payable on December 23, 2021, to shareholders of record on December 9, 2021. Additionally, dividends for the company's 5.125% Class L and 5.25% Class M preferred stock will be paid on January 17, 2022, to shareholders of record by January 3, 2022. Kimco is recognized as North America’s leading owner of open-air, grocery-anchored shopping centers, with a portfolio of 545 assets totaling 94 million square feet as of September 30, 2021.

Positive

• Quarterly cash dividend of $0.17 per share indicates company confidence in returning value to shareholders.
• Continues strong dividend payments to both common and preferred shareholders.

Negative

• None.

JERICHO, N.Y.--(BUSINESS WIRE)-- Kimco Realty Corp. (NYSE: KIM), North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that its Board of Directors declared a quarterly cash dividend of $0.17 per common share, payable on December 23, 2021 to shareholders of record on December 9, 2021.

The company also announced that its Board of Directors has declared a quarterly dividend with respect to shares of the company’s 5.125% Class L and 5.25% Class M cumulative redeemable preferred stock. Dividends on the shares of preferred stock will be paid on January 17, 2022, to shareholders of record on January 3, 2022.

About Kimco

Kimco Realty Corp. (NYSE:KIM) is a real estate investment trust (REIT) headquartered in Jericho, N.Y. that is North America’s largest publicly traded owner and operator of open-air, grocery-anchored shopping centers and mixed-use assets. The company’s portfolio is primarily concentrated in the first-ring suburbs of the top major metropolitan markets, including those in high-barrier-to-entry coastal markets and rapidly expanding Sun Belt cities, with a tenant mix focused on essential, necessity-based goods and services that drive multiple shopping trips per week. Kimco is also committed to leadership in environmental, social and governance (ESG) issues and is a recognized industry leader in these areas. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value enhancing redevelopment activities for more than 60 years. As of September 30, 2021, the company owned interests in 545 U.S. shopping centers and mixed-use assets comprising 94 million square feet of gross leasable space. For further information, please visit www.kimcorealty.com

The company announces material information to its investors using the company’s investor relations website (investors.kimcorealty.com), SEC filings, press releases, public conference calls, and webcasts. The company also uses social media to communicate with its investors and the public, and the information the company posts on social media may be deemed material information. Therefore, the company encourages investors, the media, and others interested in the company to review the information that it posts on the social media channels, including Facebook (www.facebook.com/KimcoRealty), Twitter (www.twitter.com/kimcorealty), YouTube (www.youtube.com/kimcorealty) and LinkedIn (www.linkedin.com/company/kimco-realty-corporation). The list of social media channels that the company uses may be updated on its investor relations website from time to time.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005116/en/

David F. Bujnicki

Senior Vice President, Investor Relations and Strategy

Kimco Realty Corporation

1-866-831-4297

dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

FAQ

What is the dividend amount for Kimco Realty Corp. in December 2021?

The dividend amount for Kimco Realty Corp. is $0.17 per common share.

When will Kimco Realty's dividend be paid in December 2021?

The dividend will be paid on December 23, 2021.

Who are the shareholders eligible for the dividend payment on December 23, 2021?

Shareholders of record on December 9, 2021, are eligible for the dividend payment.

What are the payment dates for Kimco Realty's preferred stock dividends?

Dividends for the preferred stock will be paid on January 17, 2022.

What is the record date for Kimco Realty's preferred stock dividends?

The record date for the preferred stock dividends is January 3, 2022.