Dividend Overview
Dividend Yield
4.53%
Dividend / Share
$1.06
Kimco Realty Corporation
Exchange: NYSESector: Real EstateIndustry: REIT - Retail
Kimco Realty® is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company's portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week. 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 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of June 30, 2025, the company owned interests in 566 U.S. shopping centers and mixed-use assets comprising 101 million square feet of gross leasable space. SOURCE Bozzuto
Did you know?
Pays a 4.53% dividend yield.
Current Price
$23.38
-1.10%GoodMoat Value
$18.10
22.6% overvaluedProfile
Valuation (TTM)
Market Cap$15.76B
P/E26.86
EV$23.47B
P/B1.52
Shares Out674.07M
P/Sales7.29
Revenue$2.16B
EV/EBITDA15.17
Kimco Realty Corporation (KIM) Dividends
GoodMoat Analysis
Kimco Realty's dividend profile is mixed for a value investor. The 4.71% yield is attractive and well-covered by funds from operations, but the company's modest revenue growth and moderate debt level suggest limited capacity for aggressive dividend growth.
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Kimco Realty offers a dividend yield of 4.71%, which is competitive within the REIT sector and attractive for income. The key metric for REIT dividend sustainability is the Funds From Operations (FFO) payout ratio, which is not provided here, but the company's solid operating margin of 36.0% and positive profit margin of 27.3% support the payout. More critically, the Free Cash Flow (FCF) Yield of 4.4% is nearly equal to the dividend yield, indicating the dividend consumes almost all generated FCF. This leaves a thin buffer for growth or unexpected expenses, which is a point of caution when assessed against the framework's preference for strong FCF generation. Regarding growth, the dividend's trajectory is constrained by the company's modest 3.2% YoY revenue growth, limiting the potential for significant near-term increases. The balance sheet, a key Quality Indicator, shows a Debt/Equity ratio of 0.80. This is below the framework's caution threshold of 1.0x Debt/EBITDA, indicating a manageable, though not exceptionally strong, financial position. For an income-focused investor, the dividend appears sustainable but not generously covered by FCF, with growth likely to be slow and aligned with the company's overall operational growth. Analysis based on data as of 2024-05-15.
Key Metrics
Market Cap
$15.76B
P/E Ratio
26.86
Forward P/E
—
EPS
$0.82
PEG Ratio
0.97
Book Value
$15.42
Dividend Yield
4.53%
Profit Margin
28.54%
ROE
5.94%
Dividend History
Dividend Safety
KIM Dividend Analysis
Kimco Realty Corporation (KIM) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 4.53%. The annual dividend per share is $1.06.
P/E ratio: 26.86. Profit margin: 28.54%. Free cash flow: $662.65M. This page shows Kimco Realty Corporation's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.
GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Kimco Realty Corporation's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.