February 17, 2010 (FinancialWire) — Developers Diversified Realty Corp. (NYSE: DDR) has declared a first quarter 2010 common stock dividend of $0.02 per share. The common dividend is payable April 6, 2010 to shareholders of record at the close of business on March 23, 2010.

The company’s board said it has elected to maintain a cash dividend comparable to recent quarters.

Ohio-based Developers Diversified owns and manages around 665 retail operating and development properties in 44 states, Brazil, Canada and Puerto Rico.

The company’s shopping center portfolio features open-air neighborhood and community centers, mixed-use centers and lifestyle centers.

Developers Diversified claims to be the largest landlord in Puerto Rico and also owns a portfolio of regional malls in and around Sao Paulo, Brazil.

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