On 6/28/17, DDR Corp's 6.250% Class K Cumulative Redeemable Preferred Shares (Symbol: DDR.PRK) will trade ex-dividend, for its quarterly dividend of $0.3906, payable on 7/17/17. As a percentage of DDR.PRK's recent share price of $25.46, this dividend works out to approximately 1.53%, so look for shares of DDR.PRK to trade 1.53% lower - all else being equal - when DDR.PRK shares open for trading on 6/28/17. On an annualized basis, the current yield is approximately 6.14%, which compares to an average yield of 6.89% in the "Real Estate" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of DDR.PRK shares, versus DDR:
Below is a dividend history chart for DDR.PRK, showing historical dividends prior to the most recent $0.3906 on DDR Corp's 6.250% Class K Cumulative Redeemable Preferred Shares:
In Monday trading, DDR Corp's 6.250% Class K Cumulative Redeemable Preferred Shares (Symbol: DDR.PRK) is currently up about 0.1% on the day, while the common shares (Symbol: DDR) are up about 3%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
