DDR Hikes Q2 Dividend 12.5%
Shopping center operator DDR announced yesterday its second-quarter dividend of $0.135 per share, a 12.5% increase over the $0.12 per share rate it paid last quarter.
The board of directors said the quarterly dividend is payable on July 2 to the holders of record at the close of business on June 13. DDR has increased its annual dividend five times over the past three years.
The regular dividend payment equates to a $0.54-per-share annual dividend yielding 2.8%, based on the closing price of DDR's stock on May 15.
The article DDR Hikes Q2 Dividend 12.5% originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.