Kimco Realty Corporation Announces 2024 Dividend Tax Treatment

Core Points - Kimco Realty announced the 2024 tax treatment for its common and preferred stock dividend distributions, detailing the allocations for reporting on Form 1099-DIV [1][2][3][4][5] - The company recognized long-term capital gains of approximately $325 million during 2024, primarily from the sale of shares in Albertsons Companies, Inc., which will be reported to shareholders on Form 2439 [6][7] Common Stock Dividend Summary - The common stock dividends for 2024 are set at $0.240 per share for the first three quarters and $0.250 for the fourth quarter, totaling $0.970 per share for the year [1] - The breakdown of the total distribution includes $0.656400 as ordinary income, with $0.647185 as qualified dividends [1] Preferred Stock Dividend Summary - Preferred Series L dividends are set at $0.320310 per share for each quarter in 2024, totaling $1.281240 for the year [2] - Preferred Series M dividends are set at $0.328125 per share for each quarter in 2024, totaling $1.312500 for the year [3] - Preferred Series N dividends include $0.140970 for the first quarter and $0.906250 for the subsequent three quarters, totaling $2.859720 for the year [4] Additional Information - Shareholders are entitled to a federal tax credit for their share of the federal income tax paid by the company on undistributed long-term capital gains [6][7] - Kimco Realty operates a portfolio of 568 shopping centers and mixed-use assets, totaling 101 million square feet of gross leasable space, focusing on essential goods and services [8]