Douglas Elliman Declares Annual 5% Stock Dividend
12 Junio 2023 - 3:15PM
Business Wire
Suspends Quarterly Cash Dividend
Douglas Elliman Inc. (NYSE: DOUG) today announced that its Board
of Directors has declared an annual stock dividend on its common
stock of 5%. The annual stock dividend will be payable on June 30,
2023 to holders of record as of the close of business on June 22,
2023.
Douglas Elliman also announced that its Board of Directors has
suspended the Company’s quarterly cash dividend of $0.05 per share,
effective immediately. The amount and payment of an annual stock
dividend and any quarterly cash dividend are subject to the Board’s
regular evaluation of the Company’s dividend policy and capital
allocation strategy.
As part of this evaluation, the Board determined that instating
an annual stock dividend and suspending the quarterly cash dividend
at this time is in the best interest of the Company and its
stockholders. The updated dividend policy is expected to strengthen
the Company’s balance sheet and position it to deliver long-term
stockholder returns.
About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns
Douglas Elliman Realty, LLC, which is one of the largest
residential brokerage companies in the United States with
operations in New York City, Long Island, Westchester, Connecticut,
New Jersey, the Hamptons, Massachusetts, Florida, California,
Texas, Colorado, Nevada, Connecticut, Maryland, Virginia, and
Washington, D.C. In addition, Douglas Elliman sources, uses and
invests in early-stage, disruptive property technology (“PropTech”)
solutions and companies and provides other real estate services,
including development marketing, property management and settlement
and escrow services in select markets. Additional information
concerning Douglas Elliman is available on its website,
investors.elliman.com.
Investors and others should note that we may post information
about Douglas Elliman on our website at investors.elliman.com or,
if applicable, on our accounts on Facebook, Instagram, LinkedIn,
TikTok, Twitter, YouTube or other social media platforms. It is
possible that the postings or releases could include information
deemed to be material information. Therefore, we encourage
investors, the media and others interested in Douglas Elliman to
review the information we post on our website at
investors.elliman.com and on our social media accounts.
Forward-Looking and Cautionary Statements
This press release includes forward-looking statements within
the meaning of the federal securities law. All statements other
than statements of historical or current facts made in this
document are forward-looking. We identify forward-looking
statements in this document by using words or phrases such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may be,”
“continue” “could,” “potential,” “objective,” “plan,” “seek,”
“predict,” “project” and “will be” and similar words or phrases or
their negatives. Forward-looking statements reflect our current
expectations and are inherently uncertain. Actual results could
differ materially for a variety of reasons.
Risks and uncertainties that could cause our actual results to
differ significantly from our current expectations are described in
our 2022 Annual Report on Form 10-K and in our Quarterly Report on
Form 10-Q for the quarter ended March 31, 2023. We undertake no
responsibility to publicly update or revise any forward-looking
statement except as required by applicable law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230612320952/en/
Emily Claffey/Benjamin Spicehandler/Columbia Clancy FGS Global
212-687-8080
Douglas Elliman (NYSE:DOUG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Douglas Elliman (NYSE:DOUG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024