Developers Diversified Realty Declares Third Quarter 2009 Common Share Dividend
10 September 2009 - 10:30PM
Marketwired
Developers Diversified Realty (NYSE: DDR) today declared its third
quarter 2009 common stock dividend of $0.02 per share. The common
dividend is payable October 15, 2009 to shareholders of record at
the close of business on September 23, 2009.
The Company has elected to maintain a cash dividend comparable
to prior quarters but has elected to not pay the stock portion as
the Company's most recent estimates indicate that the payment of
the stock portion is not required to maintain REIT status. The
Company will continue to review its dividend policy on a quarterly
basis and make payments sufficient to maintain REIT status, receive
favorable tax treatment and provide yield to shareholders while
prudently assessing its current liquidity and the state of the
capital markets.
Developers Diversified as of June 30, 2009 owned and managed
approximately 690 retail operating and development properties in 45
states, plus Puerto Rico, Brazil, and Canada, totaling over 151
million square feet. Developers Diversified Realty is a
self-administered and self-managed real estate investment trust
(REIT) operating as a fully integrated real estate company which
acquires, develops, leases and manages shopping centers. Additional
information about Developers Diversified Realty is available on the
Internet at http://www.ddr.com.
Contact: Kate Deck Investor Relations Director Developers
Diversified Realty 216.755.5500
Developers Realty (NYSE:DDR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Developers Realty (NYSE:DDR)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Ddr Corp. (New York Stock Exchange): 0 recent articles
More Developers Diversified Realty Corporation News Articles