NEW YORK ( TheStreet) -- The ex-dividend date for DDR (NYSE: DDR) is tomorrow, September 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.67 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for DDR has been 3.5 million shares per day over the past 30 days. DDR has a market cap of $3.2 billion and is part of the financial sector and real estate industry. Shares are down 17.2% year to date as of the close of trading on Wednesday.

Developers Diversified Realty Corporation (DDR) operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, developing, redeveloping, owning, leasing, and managing shopping centers, mini-malls, and lifestyle centers.
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TheStreet Ratings rates DDR as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full DDR Ratings Report.

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