KIM · 8-K · 20260804PR331498
Capital Return Program
KIMCO REALTY CORP · 2026-08-04 · Importance 68 · Surprise 58 · In source text
Kimco increased its quarterly common dividend 12.0% year-over-year to $0.28 per share, or $1.12 annualized, payable September 17, 2026. In connection with its exchangeable-notes offering, the company repurchased approximately 4.1 million common shares for $104.7 million at $25.38 per share. After quarter-end, Kimco repurchased 516,750 shares of its 7.25% Class N Convertible Preferred Stock for $33.3 million at $64.50 per share. The preferred-stock repurchase will produce an approximately $3.8 million charge in third-quarter 2026 net income and FFO.
Key facts
- In connection with the notes offering, the company repurchased approximately 4.1 million shares of common stock totaling $104.7 million at $25.38 per share. source
- Subsequent to quarter end, repurchased 516,750 shares of 7.25% Class N Convertible Preferred Stock for $33.3 million at $64.50 per share. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | In connection with the notes offering, the company repurchased approximately 4.1 million shares of common stock totaling $104.7 million at… |
| cash | negative | committed | — | Subsequent to quarter end, repurchased 516,750 shares of 7.25% Class N Convertible Preferred Stock for $33.3 million at $64.50 per share. |