BEACHWOOD, Ohio, Nov. 12, 2015 /PRNewswire/ -- DDR Corp. (NYSE:
DDR) declared its fourth quarter 2015 common stock dividend of
$0.1725 per share, which represents
an increase of 11% from the fourth quarter of 2014. The common
stock dividend is payable on January 5,
2016 to shareholders of record at the close of business on
December 15, 2015.
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO )
"We are pleased to deliver another quarterly dividend that is 11
percent above last year's distribution and continues to represent a
conservative payout ratio," said Luke J.
Petherbridge, chief financial officer of DDR.
About DDR Corp.
DDR is an owner and manager of 378
value-oriented shopping centers representing 116 million square
feet in 41 states and Puerto Rico. The Company's portfolio is
comprised primarily of large-format power centers located in top
markets across the United States,
and 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; constructing properties or expansions
that produce a desired yield 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 September 30,
2015. 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, 2014,
as amended. 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.