DDR Sets Dividend on 3 Classes of Preferreds

Shopping mall operator DDR  announced today its regular second-quarter dividend for three series of preferred shares:

  • 7.375% Class H stock dividend of $0.460938 per depositary share.
  • 6.50% Class J stock dividend of $0.406250 per depositary share.
  • 6.25% Class K stock dividend of $0.41667 per depositary share.

The board of directors said the quarterly dividend for all three series of preferreds is payable on July 15 to the holders of record at the close of business on July 1 and covers the period beginning April 15 and ending July 14.

DDR also pays a regular dividend payment on its common stock equating to a $0.54-per-share annual dividend and yielding 3.1% based on the closing price of its stock on June 10.

The article DDR Sets Dividend on 3 Classes of Preferreds originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

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