DDR Corp (DDR) to Issue Quarterly Dividend of $0.19
DDR Corp (NYSE:DDR) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Friday, March 16th will be paid a dividend of 0.19 per share by the real estate investment trust on Tuesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 10.57%.
DDR has raised its dividend payment by an average of 8.2% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. DDR has a dividend payout ratio of 66.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect DDR to earn $1.02 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 74.5%.
Shares of DDR (DDR) traded up $0.01 during midday trading on Wednesday, hitting $7.19. The company had a trading volume of 4,021,152 shares, compared to its average volume of 4,526,327. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a 52 week low of $6.77 and a 52 week high of $14.89. The company has a market capitalization of $2,656.63, a PE ratio of -179.25, a P/E/G ratio of 1.42 and a beta of 0.60.
DDR Company Profile
DDR Corp. is a self-administered and self-managed real estate investment trust. It operates through two segments: shopping centers and loan investments. It is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers. As of December 31, 2016, it owned and managed approximately 106 million total square feet of gross leasable area (GLA).
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