BEACHWOOD, Ohio, Nov. 13, 2014 /PRNewswire/ -- DDR
Corp. (NYSE: DDR) declared its fourth quarter 2014 common stock
dividend of $0.155 per share, which
represents an increase of 15% from the fourth quarter of 2013. The
common stock dividend is payable on January
6, 2015 to shareholders of record at the close of business
on December 16, 2014.
(Logo: http://photos.prnewswire.com/prnh/20131217/DDRLOGO)
"We are pleased to announce another distribution as we balance
reinvesting in a strong portfolio and returning capital to our
shareholders," said David J. Oakes,
president and chief financial officer of DDR. "Today's robust
leasing environment combined with our low payout ratio and strong
balance sheet have allowed us to generate double digit growth in
our dividend per share in recent years and we believe that this
trend can continue."
About DDR Corp.
DDR is an owner and manager of 456
value-oriented shopping centers representing 125 million square
feet in 42 states and Puerto Rico. The Company's assets are
concentrated in high barrier-to-entry markets with stable
populations and high growth potential and its portfolio is actively
managed to create long-term shareholder value. DDR is a
self-administered and self-managed REIT operating as a fully
integrated real estate company, and is publicly traded on the New
York Stock Exchange under the ticker symbol DDR. Additional
information about the Company is available at www.ddr.com, as well
as on Twitter, LinkedIn and Facebook.
Safe Harbor
DDR Corp. considers portions of the
information in this press release to be forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, both as
amended, with respect to the Company's expectation for future
periods. Although the Company believes that the expectations
reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its
expectations will be achieved. For this purpose, any
statements contained herein that are not historical fact may be
deemed to be forward-looking statements. There are a number
of important factors that could cause our results to differ
materially from those indicated by such forward-looking statements,
including, among other factors, local conditions such as oversupply
of space or a reduction in demand for real estate in the area;
competition from other available space; dependence on rental income
from real property; the loss of, significant downsizing of or
bankruptcy of a major tenant; constructing properties or expansions
that produce a desired yield on investment; our ability to buy or
sell assets on commercially reasonable terms; our ability to
complete acquisitions or dispositions of assets under contract; our
ability to secure equity or debt financing on commercially
acceptable terms or at all; our ability to enter into definitive
agreements with regard to our financing and joint venture
arrangements or our failure to satisfy conditions to the completion
of these arrangements; and the success of our capital recycling
strategy.. For additional factors that could cause the
results of the Company to differ materially from those indicated in
the forward-looking statements, please refer to the Company's Form
10-K for the year ended December 31,
2013, as amended. The Company undertakes no obligation
to publicly revise these forward-looking statements to reflect
events or circumstances that arise after the date hereof.
SOURCE DDR Corp.