DDR Corp to Issue Quarterly Dividend of $0.19 (DDR)

DDR Corp (NYSE:DDR) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Shareholders 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 annualized dividend and a 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 every year for the last 7 years. DDR has a payout ratio of 66.1% meaning its dividend is sufficiently covered by earnings. Equities 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%.

DDR (NYSE:DDR) opened at $7.19 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $2,645.58, a P/E ratio of -179.75, a price-to-earnings-growth ratio of 1.41 and a beta of 0.60. DDR has a 1 year low of $6.77 and a 1 year high of $14.89.

Several brokerages have commented on DDR. ValuEngine downgraded DDR from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Boenning Scattergood reaffirmed a “sell” rating on shares of DDR in a research report on Monday, December 18th. Mizuho set a $9.00 price target on DDR and gave the stock a “hold” rating in a research report on Monday, December 18th. Capital One Financial reaffirmed an “equal weight” rating on shares of DDR in a research report on Friday, December 15th. Finally, Zacks Investment Research downgraded DDR from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.21.

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About DDR

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).

Dividend History for DDR (NYSE:DDR)

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