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Cedar Shopping Centers (CDR) Reports Q3 FFO of $0.12, Will Reduce 2012 Dividend by 16.7%

November 9, 2011 4:47 PM EST
Cedar Shopping Centers, Inc. (NYSE: CDR) reported Q3 FFO of $0.12, versus $0.14 reported last year.

The Company's Board of Directors has determined to reduce the quarterly dividend for 2012 to a target rate of $0.05 per share, down from $0.06 per share in its prior quarter (an annual rate of $0.20 per share).


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