Cedar Shopping Centers Declares Quarterly Dividend of $0.05 (CDR)
Cedar Shopping Centers (NYSE:CDR) declared a quarterly dividend on Friday, March 8th. Investors of record on Friday, May 10th will be given a dividend of $0.05 per share on Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, May 8th.
On a related note, analysts at KeyBanc downgraded shares of Cedar Shopping Centers from a “hold” rating to an “underweight” rating in a research note to investors on Thursday, January 10th. They now have a $4.75 price target on the stock.
Shares of Cedar Shopping Centers (CDR) traded up 1.77% during mid-day trading on Friday, hitting $5.74. Cedar Shopping Centers (CDR) has a 52 week low of $4.53 and a 52 week high of $5.80. The stock’s 50-day moving average is currently $5.47. The company’s market cap is $390.9 million.
Cedar Shopping Centers, Inc. is an integrated real estate investment trust, which focuses on ownership, operation, development and redevelopment of supermarket-anchored shopping centers in mid-Atlantic and Northeast coastal states.
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