BBX Capital Corporation Declares Quarterly Cash Dividend
September 23 2019 - 11:03AM
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 October 18, 2019,
to all shareholders of record as of the close of business on
October 4, 2019. The Company previously 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 are pleased to continue with our regular quarterly dividends
to shareholders and appreciate their support,” 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 (NYSE: 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 11,300 other hotels and resorts through
partnerships and exchange networks as of June 30, 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 (NYSE: BBX)
(OTCQX: 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/20190923005613/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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