Stock Buy - DDR (100 shares, $76 dividend income)

DDR Corp. (NYSE:DDR) is a REIT that owns and manages 286 retail properties, representing 97 million square feet in the continental United States, Southeast and Midwest, with significant concentrations in Florida, Georgia, Ohio and North Carolina, as well as Puerto Rico.

With online shopping (aka Amazon) killing off brick & mortar stores everywhere, the REIT space for shopping centers in a world of pain right now.  Recent natural disasters did not help their situation in the south especially devastated Puerto Rico with 12 properties there. I'm betting DDR can recover and hopefully thrive again in these markets. This is definitely a risky bet ! <crossing my fingers:)>

This purchase will add $76 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 2.9B   EPS: -$0.43 Dividend: $0.76(9.5%)