Ex-Div Reminder for DDR Corp.'s 6.250% Class K Cumulative Redeemable Preferred Shares

On 6/29/15, DDR Corp.'s 6.250% Class K Cumulative Redeemable Preferred Shares (DDR.PRK) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 7/15/15. As a percentage of DDR.PRK's recent share price of $25.44, this dividend works out to approximately 1.54%, so look for shares of DDR.PRK to trade 1.54% lower — all else being equal — when DDR.PRK shares open for trading on 6/29/15. On an annualized basis, the current yield is approximately 6.12%, which compares to an average yield of 7.07% in the "Real Estate" preferred stock category, according to Preferred Stock Channel.

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As of last close, DDR.PRK was trading at a 2.08% premium to its liquidation preference amount, versus the average premium of 2.20% in the "Real Estate" category. The chart below shows the one year performance of DDR.PRK shares, versus DDR:

Performance Comparison Chart

Below is a dividend history chart for DDR.PRK, showing historical dividends prior to the most recent $0.3906 on DDR Corp.'s 6.250% Class K Cumulative Redeemable Preferred Shares:

DDR.PRK+Dividend+History+Chart

According to the ETF Finder at ETF Channel, DDR Corp. ( DDR) makes up 1.58% of the PowerShares Active U.S. Real Estate Fund ETF (PSR) which is trading relatively unchanged on the day Thursday.

In Thursday trading, DDR Corp.'s 6.250% Class K Cumulative Redeemable Preferred Shares ( DDR.PRK) is currently down about 0.3% on the day, while the common shares ( DDR) are off about 0.8%.

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