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Kimco

10:13 a.m. Sept. 3, 2020 - By Ciara Linnane
Shopping center REIT Kimco Realty to pay quarterly cash dividend as August rent collections improve to 85%Kimco Realty Corp. said Tuesday its board has approved a quarterly cash dividend of 10 cents a share, reinstating the payment after suspending it at the peak of the pandemic. The dividend will be payable Sept. 24 to shareholders of record as of Sept. 10. The shopping center real estate investment trust said it continues to see improvement in foot traffic at malls as tenants re-open, boosting rent collections to 85% in August from 82% in July and 76% in June. The company has granted rent deferrals of about 2% of base rent for the month of August, it said in a statement. "We expect to establish a more normalized and well-covered dividend level based on our adjusted funds from operations and REIT taxable income in 2021," Chief Executive Conor Flynn said in a statement. Shares were down 0.9% premarket and have fallen 42% in the year to date, while the S&P 500 has gained 8%.
10:49 a.m. Sept. 1, 2020 - By Ciara Linnane
Coronavirus update: Global case tally tops 25.5 million, and U.S. climbs to 6.03 million as Midwest states suffer rise in infections Twitter removes post retweeted by President Trump after it violated its coronavirus misinformation policyThe number of confirmed cases of the coronavirus that causes COVID-19 in the U.S. rose to 6.03 million on Tuesday, with new cases increasing in much of the Midwest and falling from their peaks in the South and West.
6:26 a.m. Aug. 29, 2020 - By Philip van Doorn
These ‘Dividend Aristocrat’ stocks have been raising their dividends for decades, and there have been no dividend cuts during the pandemic Dozens of other S&P 500 companies, in contrast, have reduced their payoutsDozens of other S&P 500 companies, in contrast, have reduced their payouts.
9:25 a.m. July 8, 2020 - By Andrea Riquier
Mall ETFs fall even as New York eyes some re-openingsExchange-traded funds with exposure to malls slumped Wednesday even after New York Gov. Andrew Cuomo said shopping centers could open starting Friday, with some restrictions. The Invesco S&P 500 Equal Weight Real Estate ETF , which has 3% of its holdings in Kimco Realty and 2.9% in Simon Property Group - two of the biggest mall operators - was down 0.6% midday. Kimco was one of worst performers in the S&P 500 , down 2.3%, while Simon shares were down 1.7%. The iShares Cohen & Steers REIT ETF was down 0.4%, despite having nearly 4% of its holdings in Simon. Both ETFs were on track for their worst month since March, although the Cohen & Steers fund was slightly positive for the month of July so far, while the Invesco fund has lost 1.5%. By comparison, the S&P 500 was up 0.2% at midday, and up 1.6% in the month to date.
6:20 a.m. June 27, 2020 - By Tonya Garcia
Albertsons is giving the public markets another try — here are 5 things to know about the grocery giant and its IPO Albertsons is a nearly century-old grocer with many iconic supermarket names in its brand portfolioAlbertsons has filed to go public at a time when demand for food and other essentials is sky high due to COVID-19.
10:17 a.m. June 3, 2020 - By Andrea Riquier
Real estate ETFs pop as malls start to re-open Exchange-traded funds with real estate exposure outperformed Wednesday as property stocks surged on re-opening hopes. The Real Estate Select Sector SPDR Fund rose 2.4%, while the iShares U.S. Real Estate ETF rose 3% and the Vanguard Real Estate ETF was up 3.2% in the early afternoon. Mall operator Simon Property Group was one of the best performers in the S&P 500, up nearly 15% and marking its biggest one-day move since April 6. Another shopping center operator, Kimco Realty Corporation, was up nearly 12% at midday.
9:08 a.m. April 13, 2020 - By Nigam Arora
Prepare for massive new opportunities in stocks as the response to the coronavirus reshapes the economy There will be a big shift in the economy, helping the likes of biotechnology and semiconductor stocksThere will be a big shift in the economy, helping the likes of biotechnology and semiconductor stocks.
10:47 a.m. April 6, 2020 - By Ciara Linnane
Coronavirus update: 1.3 million cases worldwide, 72,638 deaths, and signs that rate of infection is slowing in Europe Allstate to return $600 million to drivers who are stuck at home and Wayfair is seeing a huge surge in demandSigns that the spread of the coronavirus that causes COVID-19 is slowing in parts of Europe cheered financial markets on Monday, although it weighed against news that Japan is about to declare a state of emergency for Tokyo and other areas.
7:52 a.m. April 6, 2020 - By Philip van Doorn
These 60 large U.S. companies are ‘susceptible to a dividend cut,’ according to Jefferies Investors who rely on income are already seeing companies reduce or eliminate dividend payouts as the coronavirus spreadsInvestors who rely on income are already seeing companies reduce or eliminate dividend payouts as the coronavirus spreads.
2:30 a.m. April 6, 2020 - By Tomi Kilgore
Kimco CEO tests positive for COVID-19, continues to perform CEO responsibilitiesKimco Realty Corp. disclosed Monday that Chief Executive Conor Flynn has tested positive for the COVID-19 virus. The real estate investment trust, which operates open-air shopping centers, said Flynn was tested after showing mild symptoms. He has continued to perform his responsibilities as CEO "at all times," the company said. "The company maintains full succession plans for all senior executives including temporary delegation of responsibilities to other leaders within the organization if necessary for any reason," Kimco said in a filing with the Securities and Exchange Commission. The stock, which rose 4.4% in premarket trading, has tumbled 62.5% year to date through Friday, while the SPDR Real Estate Select Sector ETF has lost 24.2% and the S&P 500 has declined 23.0%.
1:15 a.m. April 2, 2020 - By Philip van Doorn
These U.S. stocks fell the most April 1 after Trump turned grim on coronavirus forecast Utility, real estate and financial stocks led the declines as three major indexes drop 4.4%Utility, real estate and financial stocks led the declines as three major indexes drop 4.4%.
2:48 a.m. March 17, 2020 - By Philip van Doorn
These 64 stocks in the S&P 500 fell at least 20% on Monday as the coronavirus panic intensified Retailers were hit especially hard after extraordinary action by the Federal Reserve did little to calm investorsRetailers were hit especially hard after extraordinary action by the Federal Reserve did little to calm investors.
9:53 a.m. March 3, 2020 - By Tomi Kilgore
REIT sector the best performer as high dividend yields provides support as Treasury yields tumbleThe SPDR Real Estate Select Sector ETF slipped 0.1%, but was the best performing SPDR sector ETF amid a broader stock market selloff, as the sector's relatively high dividend yield helped provide support as Treasury yields made tumbled toward record lows. The REIT ETF's yield was 3.07%, compared with the implied yield for the S&P 500 of 2.03%. The 10-year Treasury yield dropped 7.4 basis points to a record low of 1.014%, after the Federal Reserve cut its target rate on overnight rates by 50 basis points to 1.00% to 1.25%. Among the SPDR REIT ETF's more-active components, shares of Host Hotels & Resorts Inc. sank 4.9%, Ventas Inc. slipped 0.1%, Welltower Inc. hiked up 2.5% and Kimco Realty Corp. climbed 0.5%.
6:07 a.m. Nov. 2, 2019 - By Philip van Doorn
These stocks have the highest dividend yields in the hot real-estate sector Negative yields abroad keep the money flowing into U.S. stocks, especially those with attractive dividendsNegative yields abroad keep the money flowing into U.S. stocks, especially those with attractive dividends.
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