Developers Diversified Declares Fourth Quarter 2009 Common Share Dividend
03 December 2009 - 8:15AM
PR Newswire (US)
CLEVELAND, Dec. 2 /PRNewswire-FirstCall/ -- Developers Diversified
Realty (NYSE:DDR) today declared its fourth quarter 2009 common
stock dividend of $0.02 per share. The common dividend is payable
January 6, 2010 to shareholders of record at the close of business
on December 23, 2009. The Company has elected to maintain a cash
dividend comparable to prior quarters. 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 owns and manages approximately 665 retail operating and
development properties in 44 states, Brazil, Canada and Puerto
Rico. Totaling more than 147 million square feet, the Company's
shopping center portfolio features open-air, value-oriented
neighborhood and community centers, mixed-use centers and lifestyle
centers located in prime markets with stable populations and
high-growth potential. Developers Diversified is the largest
landlord in Puerto Rico and owns a premier portfolio of regional
malls in and around Sao Paulo, Brazil. Developers Diversified is a
self-administered and self-managed REIT operating as a fully
integrated real estate company. Additional information about the
Company is available on the Internet at http://www.ddr.com/.
DATASOURCE: Developers Diversified Realty Corporation CONTACT: Kate
Deck, Investor Relations Director of Developers Diversified,
+1-216-755-5500, Web Site: http://www.ddr.com/
Copyright
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 Corp. News Articles