BEACHWOOD, Ohio, June 15, 2011 /PRNewswire/ -- Developers
Diversified Realty Corporation (NYSE: DDR) declared its second
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 DDR's 7.375% Class H Cumulative Redeemable Preferred
Stock. The declared Preferred Class H dividend covers the period
beginning April 15, 2011 and ending
July 14, 2011. The declared Preferred
Class H Dividend is payable July 15,
2011 to shareholders of record at the close of business on
July 1, 2011.
Each Class I depositary share is equal to one-twentieth of a
share of DDR's 7.5% Class I Cumulative Redeemable Preferred Stock.
The declared Preferred Class I dividend covers the period beginning
April 15, 2011 and ending
July 14, 2011. The declared Preferred
Class I Dividend is payable July 15,
2011 to shareholders of record at the close of business on
July 1, 2011.
About DDR
DDR owns and manages approximately 520 retail properties in 41
states, Puerto Rico and
Brazil totaling approximately 127
million square feet. The Company's prime portfolio features
open-air, value-oriented shopping centers in high barrier-to-entry
markets with stable populations and high growth potential. DDR is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls
primarily clustered around Sao Paulo,
Brazil. DDR 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 Company's website
at www.ddr.com.
DDR -- Financial
SOURCE Developers Diversified Realty Corporation