DDR Corp (DDR) Declares $0.19 Quarterly Dividend

DDR Corp (NYSE:DDR) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Friday, March 16th will be given 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 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 raised 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%.

DDR (NYSE DDR) traded up $0.01 during midday trading on Wednesday, hitting $7.19. The stock had a trading volume of 4,021,152 shares, compared to its average volume of 4,526,327. The firm has a market cap of $2,656.63, a P/E ratio of -179.25, a PEG ratio of 1.42 and a beta of 0.60. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.51. DDR has a 12 month low of $6.77 and a 12 month high of $14.89.

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

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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).

Dividend History for DDR (NYSE:DDR)

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