The annualized dividend rate equates to a yield of 7.5% based upon the
closing price of Cedar's stock on
Payments at the same rate and at the same time will be made to holders of units of limited partnership interests in Cedar Shopping Centers Partnership L.P., the Operating Partnership of which the Company is the sole general partner ("OP Units").
The Company also announced that the Board has approved payment of a
dividend of
About Cedar Shopping Centers
Cedar Shopping Centers, Inc. is a fully-integrated real estate investment
trust which focuses primarily on ownership, operation, development and
redevelopment of supermarket-anchored shopping centers in nine mid-Atlantic
and New England states. The Company has realized significant growth in assets
and has completed a number of developments and redevelopments of retail
properties since its public offering in
SOURCE Cedar Shopping Centers, Inc.