Shopping Mall Operator DDR Raises Dividend By 10%

DDR Corp. said Monday it will pay a first-quarter dividend of 19 cents a share, a 10% increase from first quarter 2015. The Ohio-based company, which manages and owns 367 shopping centers, said the dividend will be payable April 5 to shareholders of record March 10. Shares of DDR were flat in late trading Monday after ending the regular session down 1.7%.

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