BEACHWOOD, Ohio, Sept. 8, 2016 /PRNewswire/ -- DDR Corp. DDR declared its third quarter 2016 Preferred Class J stock dividend of $0.406250 per depositary share and Preferred Class K stock dividend of $0.39063 per depositary share.
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO)
Each Class J depositary share is equal to one-twentieth of a share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period beginning July 15, 2016 and ending October 13, 2016. The declared Preferred Class J Dividend is payable October 14, 2016 to shareholders of record at the close of business on September 30, 2016.
Each Class K depositary share is equal to one-twentieth of a share of DDR's 6.25% Class K Cumulative Redeemable Preferred Stock. The declared Preferred Class K dividend covers the period beginning July 15, 2016 and ending October 13, 2016. The declared Preferred Class K Dividend is payable October 14, 2016 to shareholders of record at the close of business on September 30, 2016.
About DDR Corp.
DDR is an owner and manager of 349 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 population 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ddr-declares-third-quarter-2016-class-j-and-class-k-preferred-share-dividends-300324057.html
SOURCE DDR Corp.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.