Kimco Taxable Dividends?


J

Jim Foyle

Kimco is a REIT. It has just published "Reporting
Information for 2003 Distributions" which I don't
understand. It may have something to do with the new tax
rates on dividends.

Anyhow, for a year's distribution per share of 2.16, Kimco's
info says the Taxable Ordinary Dividend is 1.601588.

What does that mean?

You can see Kimco's announcement by going to www.quicken.com
then getting a stock quote for KIM. It should be under
"news".

There is a similar table for Capital Gains, and I'd like to
know what that means to me too.
 
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A

A.G. Kalman

Jim said:
Kimco is a REIT. It has just published "Reporting
Information for 2003 Distributions" which I don't
understand. It may have something to do with the new tax
rates on dividends.

Anyhow, for a year's distribution per share of 2.16, Kimco's
info says the Taxable Ordinary Dividend is 1.601588.

What does that mean?

You can see Kimco's announcement by going to www.quicken.com
then getting a stock quote for KIM. It should be under
"news".

There is a similar table for Capital Gains, and I'd like to
know what that means to me too.
Hmm. This makes the second one of these. The press release
explains it properly. Go to
http://www.kimcorealty.com/News/index.asp and click on the
Jan. 9th release. All the details are there.

Taxable ordinary dividend is a nonqualified dividend. I.e.,
it is taxed at ordinary tax rates. The column labeled Total
Capital Gain Dividend is what you know as a capital gain
distribution. The next three columns break that CGD into its
components so you can complete the capital gain tax
worksheet or Schedule D as the capital gains tax rates
differ for the 3 columns.
 

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