Commercial REIT DDR Corp. (DDR) will raise its quarterly dividend by 10.1 percent to $0.19 per share in 2016. This marks the 6th consecutive year of dividend increases by DDR following a 97.1 percent dividend cut in 2009.

The common stock dividend is payable on April 5, 2016 to shareholders of record at the close of business on March 10, 2016.

DDR is an owner and manager of open-air shopping centers. The company is a self-administered and self-managed REIT operating as a fully integrated real estate company.  DDR is in the business of acquiring, owning, developing, redeveloping, expanding, leasing and managing shopping centers located in the Southeast and Midwest, including Florida, Georgia, Ohio and North Carolina and Puerto Rico.