Home / Markets / Industries / Finance
Monday, June 15, 2009
Developers Diversified Realty Declares Second Quarter 2009 Class H and Class I Preferred Share Dividends
Comtex
CLEVELAND, OH, Jun 15, 2009 (MARKETWIRE via COMTEX) ----Developers Diversified Realty (NYSE: DDR), the nation's leading owner, developer and manager of market-dominant shopping centers, declared its second quarter 2009 Preferred Class H stock dividend of $0.460938 per depositary share and Preferred Class I stock dividend of $0.46875 per depositary share.
Each Class H depositary share is equal to one-twentieth of a share of Developers Diversified's 7.375% Class H Cumulative Redeemable Preferred Stock. The declared Preferred Class H dividend covers the period beginning April 15, 2009 and ending July 14, 2009. The declared Preferred Class H Dividend is payable July 15, 2009 to shareholders of record at the close of business on July 1, 2009.
Each Class I depositary share is equal to one-twentieth of a share of Developers Diversified's 7.5% Class I Cumulative Redeemable Preferred Stock. The declared Preferred Class I dividend covers the period beginning April 15, 2009 and ending July 14, 2009. The declared Preferred Class I Dividend is payable July 15, 2009 to shareholders of record at the close of business on July 1, 2009.
Developers Diversified currently owns and manages over 700 retail operating and development properties in 45 states, plus Puerto Rico, Brazil, and Canada, totaling over 153 million square feet. Developers Diversified Realty is a self-administered and self-managed real estate investment trust (REIT) operating as a fully integrated real estate company which acquires, develops, leases and manages shopping centers. Additional information about Developers Diversified Realty is available on the Internet at http://www.ddr.com.
Contact: Tom Morabito Senior Director of Investor Relations Developers Diversified Realty Main: (216) 755-5500 E-mail: Email Contact
SOURCE: Developers Diversified Realty
http://www2.marketwire.com/mw/emailprcntct?id=E1A1B9E8FCF3F3FF
Copyright 2009 Marketwire, All rights reserved. ********************************************************************** As of Thursday, 06-11-2009 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated an UPTREND on 12-08-2008 for DDR @ $6.01. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2009 Comtex News Network, Inc. All rights reserved.
FOX Translator
No data currently available.
No data currently available.
Sure, we know some of you are saying the term "marriage penalty" is redundant. In fact, of all the costs associated with getting married (have you seen the cost of a wedding cake lately?), the marriage penalty can be the worst.
Here's how it works: Mr. and Mrs. Right walk down the aisle in wedded bliss and suddenly they¿re a two-income household. If both make roughly the same amount of money, they can be pushed into a higher tax bracket. That's bad, since the higher the bracket, the higher the tax. So, if both were single, they'd end up writing two smaller checks to the tax man that, if combined, would add up to less than the giant check they write in a state of wedded bliss.
Is that fair? We're not touching that, but there is a flip side that few people talk about. The marriage penalty only kicks in if both members of the couple make close to the same amount of money. If there's a big disparity in pay, there's actually a tax advantage. Call it the marriage bonus.
And, it¿s important to remember that there are other financial benefits, such as lower life-insurance rates or health care premiums, that can make up for the extra tax couples pay. So don't let Uncle Sam stop you from saying, "I do."
