I completely missed this announcement which was buried in the July 28, 2022 2nd quarter earnings/FFO press release at page iii:
So an increase from $0.80 to $0.88 annually. Yield is now 4.1% based on Friday’s closing price.
Quarterly FFO increased by 17.6% vs the 2nd quarter of 2021.
Increased 2022 FFO projects to a range of $1.54 to $1.57. That would place the dividend to FFO ratio at 57%. Pretty conservative for a REIT. I like it.
Long KIM for over ten years now.