BBX Capital Corporation Declares Quarterly Cash Dividend
June 24 2019 - 04:05PM
Business Wire
BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX
Capital” or the “Company”) announced today that the Company’s Board
of Directors has declared a cash dividend of $0.0125 per share on
its Class A and Class B Common Stock payable on July 19, 2019, to
all shareholders of record at the close of trading on July 5, 2019.
The Company also indicated that it intends to continue to declare
regular dividends of $0.0125 per quarter per share (an annual
dividend of $0.05) on its Common Stock in the future.
“We value our shareholders and appreciate their support and are
pleased to continue with our regular quarterly dividends,”
commented Alan B. Levan, Chairman and Chief Executive Officer of
BBX Capital.
About BBX Capital
Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX:
BBXTB) is a Florida-based diversified holding company whose
principal investments include Bluegreen Vacations Corporation
(NYSE: BXG), BBX Capital Real Estate, Renin Holdings, and IT’SUGAR.
For additional information, please visit www.BBXCapital.com.
About Bluegreen Vacations
Corporation: Bluegreen Vacations Corporation (BXG) is a
leading vacation ownership company that markets and sells vacation
ownership interests (VOIs) and manages resorts in top leisure and
urban destinations. The Bluegreen Vacation Club is a flexible,
points-based, deeded vacation ownership plan with approximately
217,000 owners, 69 Club and Club Associate Resorts and access to
more than 11,000 other hotels and resorts through partnerships and
exchange networks as of March 31, 2019. The Bluegreen Resorts
Collection, designed to deliver a seamless process for vacationers,
features beautiful and unique resorts grouped by theme that range
from beachside getaways, to theme park adventures, immersion in the
great outdoors, historic and cultural exploration. Bluegreen
Vacations also offers a portfolio of comprehensive, fee-based
resort management, financial, and sales and marketing services, to
or on behalf of third parties. Bluegreen is approximately 90% owned
by BBX Capital Corporation (BBX) (BBXTB), a diversified holding
company. For further information, visit
www.BluegreenVacations.com.
Certain matters within this press release include
“forward–looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking
statements may involve known and unknown risks, uncertainties and
other factors that may cause the actual results or performance to
differ from those projected in the forward-looking statements,
including but not limited to, the risk that quarterly dividend
payments may not be declared at the current level in the future, on
a regular basis as anticipated, or at all, and the risks associated
with the Company’s future progress and performance. For a
description of risks relating to the payment of dividends as well
as other risks and uncertainties, please review the “Risk Factors”
section and other information contained in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2018, filed
with the Securities and Exchange Commission, which are available on
the SEC's website, https://www.sec.gov, and on BBX Capital’s
website, www.BBXCapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190624005644/en/
BBX Capital Corporation
Contact: Investor
Relations: Leo Hinkley, Managing Director, Investor
Relations Officer 954-940-5300, Email: LHinkley@BBXCapital.com
Media Relations Contacts:
Kip Hunter Marketing, 954-765-1329, Nicole Lewis /Aimee Adler
Email: nicole@kiphuntermarketing.com,
aimiee@kiphuntermarketing.com
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