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Kimco Realty Corporation Announces 2024 Dividend Tax Treatment
ACIAlbertsons Companies(ACI) Newsfilter·2025-01-27 21:30

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 325millionduring2024,primarilyfromthesaleofsharesinAlbertsonsCompanies,Inc.,whichwillbereportedtoshareholdersonForm2439[6][7]CommonStockDividendSummary−Thecommonstockdividendsfor2024aresetat325 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 0.250forthefourthquarter,totaling0.250 for the fourth quarter, totaling 0.970 per share for the year [1] - The breakdown of the total distribution includes 0.656400asordinaryincome,with0.656400 as ordinary income, with 0.647185 as qualified dividends [1] Preferred Stock Dividend Summary - Preferred Series L dividends are set at 0.320310pershareforeachquarterin2024,totaling0.320310 per share for each quarter in 2024, totaling 1.281240 for the year [2] - Preferred Series M dividends are set at 0.328125pershareforeachquarterin2024,totaling0.328125 per share for each quarter in 2024, totaling 1.312500 for the year [3] - Preferred Series N dividends include 0.140970forthefirstquarterand0.140970 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]