Kimco Realty (KIM) reinstates common dividend at $0.10.

Kimco Realty Corp. (KIM) announced today that it has declared a third-quarter dividend of $0.10, payable on September 24, 2020 to shareholders of record on September 10.  The company said the reinstated dividend reflects "improved foot traffic" at its shopping center properties and "reduced need for rent deferral agreements."  Kim also disclosed that rent collection levels have improved from 76% for June to 82% in July and 85% for August.

Kimco Realty is one of the largest owners of community shopping centers in the U.S. As of June 30, 2020, the company owned interests in 304 consolidated and 96 joint venture properties with an aggregate 70 million sf of GLA.  Kimco has a total market capitalization of approximately $11.5 billion and is a member of the S&P 500.

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09/01/2020