DDR Ddr Corp.

CLEVELAND, Dec. 2 /PRNewswire-FirstCall/ -- Developers Diversified Realty (NYSE:DDR) today declared its fourth quarter 2009 common stock dividend of $0.02 per share. The common dividend is payable January 6, 2010 to shareholders of record at the close of business on December 23, 2009. The Company has elected to maintain a cash dividend comparable to prior quarters. The Company will continue to review its dividend policy on a quarterly basis and make payments sufficient to maintain REIT status, receive favorable tax treatment and provide yield to shareholders while prudently assessing its current liquidity and the state of the capital markets. Developers Diversified owns and manages approximately 665 retail operating and development properties in 44 states, Brazil, Canada and Puerto Rico. Totaling more than 147 million square feet, the Company's shopping center portfolio features open-air, value-oriented neighborhood and community centers, mixed-use centers and lifestyle centers located in prime markets with stable populations and high-growth potential. Developers Diversified is the largest landlord in Puerto Rico and owns a premier portfolio of regional malls in and around Sao Paulo, Brazil. Developers Diversified is a self-administered and self-managed REIT operating as a fully integrated real estate company. Additional information about the Company is available on the Internet at http://www.ddr.com/. DATASOURCE: Developers Diversified Realty Corporation CONTACT: Kate Deck, Investor Relations Director of Developers Diversified, +1-216-755-5500, Web Site: http://www.ddr.com/

Copyright