DDR Corp.'s 7 3/8% Class H Cumulative Redeemable Preferred Shares Ex-Dividend Reminder - 9/27/13

On 9/27/13, DDR Corp.'s 7 3/8% Class H Cumulative Redeemable Preferred Shares ( DDR.PRH) will trade ex-dividend, for its quarterly dividend of $0.4609, payable on 10/15/13. As a percentage of DDR.PRH's recent share price of $25.24, this dividend works out to approximately 1.83%, so look for shares of DDR.PRH to trade 1.83% lower — all else being equal — when DDR.PRH shares open for trading on 9/27/13. On an annualized basis, the current yield is approximately 7.30%, which compares to an average yield of 7.50% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

As of last close, DDR.PRH was trading at a 1.00% premium to its liquidation preference amount. The chart below shows the one year performance of DDR.PRH shares, versus DDR:

Performance Comparison Chart

Below is a dividend history chart for DDR.PRH, showing historical dividends prior to the most recent $0.4609 on DDR Corp.'s 7 3/8% Class H Cumulative Redeemable Preferred Shares:

DDR.PRH+Dividend+History+Chart

According to the ETF Finder at ETF Channel, DDR Corp. ( DDR) makes up 4.10% of the iShares Retail Real Estate Capped ETF (RTL) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, DDR Corp.'s 7 3/8% Class H Cumulative Redeemable Preferred Shares ( DDR.PRH) is currently trading flat on the day, while the common shares ( DDR) are up about 0.6%.

null

If you liked this article you might like

Follow the Insiders on DDR

Follow the Insiders on DDR

These Stocks Are Ready to Reverse Course

These Stocks Are Ready to Reverse Course

A Perpetual Option With a Huge Yield

A Perpetual Option With a Huge Yield

The (Easier) Way to 100% Gains

The (Easier) Way to 100% Gains

Analysts' Actions -- Citizens Financial, Expedia, First Solar, Jack in the Box and More

Analysts' Actions -- Citizens Financial, Expedia, First Solar, Jack in the Box and More