BEACHWOOD, Ohio, Feb. 22, 2011 /PRNewswire/ -- Developers
Diversified Realty Corporation (NYSE: DDR) declared its first
quarter 2011 Preferred Class G stock dividend of $0.50 per depositary share. Each Class G
depositary share is equal to one-tenth of a share of Developers
Diversified's 8.00% Class G Cumulative Redeemable Preferred
Stock.
The declared Preferred Class G dividend covers the period
beginning December 15, 2010 and
ending March 14, 2011. The declared
Preferred Class G Dividend is payable on March 15, 2011 to shareholders of record at the
close of business on March 1,
2011.
About Developers Diversified Realty
Developers Diversified owns and manages approximately 570 retail
operating and development properties in 41 states, Brazil, Canada and Puerto
Rico. Totaling approximately 132 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
primarily clustered 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 Company's website at www.ddr.com.
Developers Diversified – Financial
SOURCE Developers Diversified Realty Corporation