Kimco Realty Raised Its Quarterly Cash Dividend By 4.3% To $0.24/Share From $0.23/Share
Portfolio Pulse from Benzinga Newsdesk
Kimco Realty's board of directors has declared a quarterly cash dividend on common shares of $0.24 per share, a 4.3% increase from the previous dividend of $0.23 per share. The dividend will be payable on December 21, 2023, to shareholders of record on December 7, 2023.
October 26, 2023 | 11:23 am
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Kimco Realty has increased its quarterly cash dividend by 4.3%, which may make the stock more attractive to income-focused investors.
Dividend increases are generally seen as a positive signal by the market, indicating a company's confidence in its future earnings. This could potentially attract more investors, particularly those focused on income, which could drive the stock price up in the short term.
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