Nah - I can't agree with you this time. Investors get swept away by the dividend yield which, in this case is passable because they historically distribute 100% or more than 100% of the EPS. If they paid, say, 70% of the EPS as a dividend, which is conventional (roughly) given the debt, the yield would be less than 4% and people would think about it a bit more. Of all the companies in which I have shares, this is the one I feel most unsure about. The guy's erratic. He's also smart which is where the confusion sets in. I concede that the ROE is exemplary, and the EPS reflects a compounded annual growth rate of about 17% across the last five years. But I couldn't possibly have even a feel for the worth of the forthcoming annual result based upon this dividend announcement.
DDR Price at posting:
$8.50 Sentiment: Hold Disclosure: Held
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