Jim Cramer on Kimco Realty: "I Still Like the Idea of Dividend Protection Here"

Kimco Realty Corporation (NYSE:KIM) is one of the stocks that received Jim Cramer’s latest comments. Cramer highlighted the company’s dividend during the episode. He commented:

“Last week, I spotlighted a trio of high-quality companies with dividend yields north of 5% because look, it’s a tricky environment. You can do a lot worse than owning stocks that can consistently generate that kind of income. Even though the market roared today, I still like the idea of dividend protection here, it’s not always going to be as great… [as] today, which brings me to Kimco Realty, this shopping center real estate investment trust with a 5.1% yield. Late last month, Kimco reported a nicely better-than-expected quarter, raised its full-year funds from operations forecast. That’s the REIT equivalent of earnings. However, the stock’s been drifting lower ever since to the point where it’s now down nearly 13% for the year.”

Kimco Realty Corporation (NYSE:KIM) is a real estate investment trust that owns and operates open-air, grocery-anchored shopping centers and mixed-use properties that are focused on retail.

While we acknowledge the potential of KIM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.