Kimco Realty's Class J Preferred Stock Yield Pushes Past 5.5%

In trading on Thursday, shares of Kimco Realty Corp.'s 5.50% Class J Cumulative Redeemable Preferred Stock (NYSE: KIM.PRJ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $24.91 on the day. This compares to an average yield of 6.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, KIM.PRJ was trading at a 1.16% premium to its liquidation preference amount, versus t...