BEACHWOOD, Ohio, March 15, 2011 /PRNewswire/ -- Developers
Diversified Realty Corporation (NYSE: DDR) declared its first
quarter 2011 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred
Class I stock dividend of $0.46875
per depositary share.
Each Class H depositary share is equal to one-twentieth of a
share of Developers Diversified's 7.375% Class H Cumulative
Redeemable Preferred Stock. The declared Preferred Class H dividend
covers the period beginning January 15,
2011 and ending April 14,
2011. The declared Preferred Class H Dividend is payable
April 15, 2011 to shareholders of
record at the close of business on April 1,
2011.
Each Class I depositary share is equal to one-twentieth of a
share of Developers Diversified's 7.5% Class I Cumulative
Redeemable Preferred Stock. The declared Preferred Class I
dividend covers the period beginning January
15, 2011 and ending April 14,
2011. The declared Preferred Class I Dividend is payable
April 15, 2011 to shareholders of
record at the close of business on April 1,
2011.
About Developers Diversified Realty
Developers Diversified owns and manages approximately 570 retail
operating and development properties in 41 states, Brazil, Canada and Puerto
Rico. Totaling approximately 132 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
primarily clustered around Sao Paulo,
Brazil. Developers Diversified is a self-administered and
self-managed REIT operating as a fully integrated real estate
company.
Developers Diversified – Financial
SOURCE Developers Diversified Realty Corporation