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
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100