A Sweet Spot for Investors
The tide has turned for dividend-thirsty investors eyeing Kimco Realty Corp with glee. Amidst the trading frenzy on Thursday, Kimco Realty Corp (Symbol: KIM) surged past the coveted 5% mark in dividend yield, standing tall with a quarterly dividend of $0.96, urging the stock to dance as low as $19.08 for the day. For those treading the waters of the stock market, dividends are not just cherries on top; they often compose a significant slice of the total returns pie.
Diving into the Historical Currents
Let’s saunter down memory lane to the brink of the new millennium. Suppose you fancied the S&P 500 ETF (SPY) on the last day of 1999, shelling out $146.88 per share. Zoom ahead to the dying embers of 2012, and each share was trading hands at $142.41, a decline of $4.67 per share through the years. Yet, amid these dizzying ups and downs, a beacon of light shines bright: an illustrious $25.98 per share in dividends graced your coffers over the same period, yielding a blooming total return of 23.36%.
The story doesn’t end there. Even with dividends reinvested, the annual return clocks in at a humble 1.6%. Thus, a yield crossing the 5% threshold may paint a more alluring picture for investors, especially if this yield is robust and enduring. Kimco Realty Corp, a prized member of the S&P 500 Index family, stands poised with an enviable yield to turn heads in the market arena.
A Beacon of Stability
Dividends often move like the ebb and flow of tides, mirroring a company’s financial fortunes. Delving into the history chart of Kimco Realty Corp offers a looking glass to gauge the sustainability of the latest dividend haul, unveiling whether the promise of a 5% annual yield is a plausible reality.
Don’t Miss Out
Unravel more with a snapshot of the market pulse. Click here to uncover nine other dividend darlings that have recently taken center stage.