Developers Diversified declares two-cent dividend for first quarter
2:33 pm, February 16, 2010
Developers Diversified Realty Corp. (NYSE: DDR) has declared a first-quarter common stock dividend of two cents a share, which is payable April 6 to shareholders of record March 23. The real estate investment trust, which has felt the effects of a weak market for retail properties, said its board has elected to maintain a cash dividend comparable to recent quarters. Developers Diversified said its management and the board will continue to review the company's dividend policy on a quarterly basis “and make payments sufficient to maintain REIT status and provide yield to shareholders while prudently assessing the company's current liquidity and the state of the capital markets.”
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