BEACHWOOD, Ohio, May 11, 2016 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) declared its second quarter 2016 common stock dividend of
$0.19 per share, which represents an
increase of 10% from the second quarter of 2015. The common stock
dividend is payable on July 6, 2016
to shareholders of record at the close of business on June 9, 2016.
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO)
"We are pleased to announce another quarterly dividend that
represents double-digit annualized growth. We remain focused on
maintaining consistent and attractive dividend growth while still
providing considerable free cash flow to reinvest in the
portfolio," said David Oakes,
president and chief executive officer of DDR.
About DDR Corp.
DDR is an owner and manager of 352 value-oriented shopping centers
representing 113 million square feet in 37 states and Puerto Rico. The Company's assets are
concentrated in high barrier-to-entry markets with stable
populations and high growth potential and its portfolio is actively
managed to create long-term shareholder value. DDR is a
self-administered and self-managed REIT operating as a fully
integrated real estate company, and is publicly traded on the New
York Stock Exchange under the ticker symbol DDR. Additional
information about the Company is available at
www.ddr.com.
Safe Harbor
DDR Corp. considers portions of the
information in this press release to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, both as
amended, with respect to the Company's expectation for future
periods. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its
expectations will be achieved. For this purpose, any
statements contained herein that are not historical fact may be
deemed to be forward-looking statements. There are a number
of important factors that could cause our results to differ
materially from those indicated by such forward-looking statements,
including, among other factors, local conditions such as supply of
space or a reduction in demand for real estate in the area;
competition from other available space; dependence on rental income
from real property; the loss of, significant downsizing of or
bankruptcy of a major tenant; redevelopment and construction
activities may not achieve a desired return on investment; our
ability to buy or sell assets on commercially reasonable terms; our
ability to complete acquisitions or dispositions of assets under
contract; our ability to secure equity or debt financing on
commercially acceptable terms or at all; our ability to enter into
definitive agreements with regard to our financing and joint
venture arrangements or our failure to satisfy conditions to the
completion of these arrangements; the success of our capital
recycling strategy; and the finalization of the financial
statements for the three months ended March
31, 2016. For additional factors that could cause the
results of the Company to differ materially from those indicated in
the forward-looking statements, please refer to the Company's Form
10-K for the year ended December 31,
2015. The Company undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances
that arise after the date hereof.
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SOURCE DDR Corp.