BEACHWOOD, Ohio, March 12, 2013 /PRNewswire/ -- DDR Corp. (NYSE: DDR) declared its first quarter 2013 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class J stock dividend of $0.406250 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 January 15, 2013 and ending April 14, 2013. The declared Preferred Class H Dividend is payable April 15, 2013 to shareholders of record at the close of business on April 1, 2013.
Each Class J depositary share is equal to one-twentieth of a share of DDR's 6.50% Class J Cumulative Redeemable Preferred Stock. The declared Preferred Class J dividend covers the period beginning January 15, 2013 and ending April 14, 2013. The declared Preferred Class J Dividend is payable April 15, 2013 to shareholders of record at the close of business on April 1, 2013.About DDRDDR is an owner and manager of 454 value-oriented shopping centers representing 116 million square feet in 39 states, Puerto Rico and Brazil. The company's assets are concentrated in high barrier-to-entry markets with stable populations and high growth potential and its portfolio 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.
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