KIM - Kimco Realty: A 5% Yield I Am Piling Excess Cash Into Right Now

2024-06-05 09:43:41 ET

Summary

• Kimco Realty Corporation experienced a short period of selling weakness, leading to an aggressive increase in position.
• The company saw strong lease activity and exhibited healthy dividend metrics, making it an attractive investment from a cash flow and dividend growth perspective.
• Kimco Realty's low pay-out variability and favorable leasing spreads make it a compelling buy for passive income investors.

I added aggressively to my position in Kimco Realty Corporation ( KIM ) last week as the stock went through a short period of unearned selling weakness....

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