BEACHWOOD, Ohio, Dec. 15, 2010 /PRNewswire-FirstCall/ --
Developers Diversified Realty Corporation (NYSE: DDR) declared its
fourth quarter 2010 Preferred Class H stock dividend of
$0.460938 per depositary share and
Preferred Class I stock dividend of $0.46875 per depositary share.
Each Class H depositary share is equal to one-twentieth of a
share of Developers Diversified's 7.375% Class H Cumulative
Redeemable Preferred Stock. The declared Preferred Class H dividend
covers the period beginning October 15,
2010 and ending January 14,
2011. The declared Preferred Class H Dividend is payable
January 18, 2011 to shareholders of
record at the close of business on December
30, 2010.
Each Class I depositary share is equal to one-twentieth of a
share of Developers Diversified's 7.5% Class I Cumulative
Redeemable Preferred Stock. The declared Preferred Class I dividend
covers the period beginning October 15,
2010 and ending January 14,
2011. The declared Preferred Class I Dividend is payable
January 18, 2011 to shareholders of
record at the close of business on December
30, 2010.
Developers Diversified owns and manages approximately 590 retail
operating and development properties in 41 states, Brazil, Canada and Puerto
Rico. Totaling more than 134 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
www.ddr.com.
Developers Diversified - Financial
SOURCE Developers Diversified Realty Corporation