The RMR Group Inc. Announces Quarterly Dividend on Common Shares
October 12 2017 - 4:15PM
Business Wire
The RMR Group Inc. (Nasdaq: RMR) today announced a regular
quarterly cash dividend on its shares of Class A Common Stock and
Class B-1 Common Stock of $0.25 per share for the quarter ended
September 30, 2017 ($1.00 per share per year). This distribution
will be paid to RMR’s shareholders of record as of the close of
business on October 23, 2017 and distributed on or about November
16, 2017.
The RMR Group Inc. is a holding company and substantially all of
its business is conducted by its majority-owned subsidiary, The RMR
Group LLC. The RMR Group LLC is an alternative asset management
company that primarily provides management services to publicly
traded REITs and real estate operating companies. As of June 30,
2017, The RMR Group LLC had approximately $27.9 billion of total
assets under management, including more than 1,400 properties and
employed over 475 real estate professionals in more than 30 offices
throughout the United States; the companies managed by The RMR
Group LLC collectively had over 53,000 employees. The RMR Group
Inc. is headquartered in Newton, Massachusetts.
WARNING REGARDING FORWARD LOOKING
STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN
THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
AND OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON RMR’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE
STATEMENTS AND THE IMPLICATIONS OF THESE STATEMENTS ARE NOT
GUARANTEED TO OCCUR AND MAY NOT OCCUR FOR VARIOUS REASONS, SOME OF
WHICH ARE BEYOND RMR’S CONTROL. FOR EXAMPLE, THIS PRESS RELEASE
STATES THAT RMR’S REGULAR QUARTERLY DIVIDEND IS $0.25 PER SHARE
($1.00/SHARE PER YEAR) OF RMR CLASS A COMMON STOCK AND CLASS B-1
COMMON STOCK. A POSSIBLE IMPLICATION OF THIS STATEMENT IS THAT RMR
WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.25/SHARE PER
QUARTER OR $1.00/SHARE PER YEAR IN THE FUTURE. RMR’S DIVIDEND
RATES ARE SET AND RESET FROM TIME TO TIME BY RMR’S BOARD OF
DIRECTORS. THE RMR BOARD OF DIRECTORS CONSIDERS MANY FACTORS WHEN
SETTING DIVIDEND RATES INCLUDING RMR’S CURRENT AND EXPECTED
EARNINGS AS WELL AS THE AVAILABILITY OF CASH TO FUND DIVIDENDS AS
COMPARED TO ALTERNATIVE USES OF SUCH CASH. ACCORDINGLY, FUTURE
DIVIDEND RATES MAY BE INCREASED OR DECREASED AND THERE IS NO
ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS WILL BE DECLARED
AND PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE CAUTIONED
NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING STATEMENTS IN
THIS PRESS RELEASE.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171012006372/en/
The RMR Group Inc.Timothy A. Bonang, 617-796-8230Senior Vice
President
RMR (NASDAQ:RMR)
Historical Stock Chart
From Aug 2024 to Sep 2024
RMR (NASDAQ:RMR)
Historical Stock Chart
From Sep 2023 to Sep 2024