BENSALEM, Pa., March 3 /PRNewswire-FirstCall/ -- Orleans Homebuilders, Inc. (AMEX:OHB) announced that it has declared a quarterly cash dividend of $0.02 per share on the Company's outstanding common stock. The cash dividend will be payable March 28, 2008 to shareholders of record at the close of business on March 18, 2008.
About Orleans Homebuilders Orleans Homebuilders, Inc. (AMEX:OHB) develops, builds and markets high- quality single-family homes, townhouses and condominiums. The Company serves a broad customer base including luxury, move-up, empty nester, active adult, and first-time homebuyers. The Company currently operates in the following 11 distinct markets in eight states: Southeastern Pennsylvania; Central and Southern New Jersey; Orange County, New York; Charlotte, Raleigh and Greensboro, North Carolina; Richmond and Tidewater, Virginia; Chicago, Illinois; and Orlando, Florida. The Company's Charlotte, North Carolina operations also include adjacent counties in South Carolina. To learn more about Orleans Homebuilders, please visit http://www.orleanshomes.com/. DATASOURCE: Orleans Homebuilders, Inc.
CONTACT: Garry P. Herdler, Executive Vice President and Chief Financial Officer of Orleans Homebuilders, Inc., +1-215-245-7500 Web site: http://www.orleanshomes.com/
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