BBX Capital Corporation Declares Quarterly Cash Dividend
December 20 2019 - 6:30AM
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 January 20, 2020,
to all shareholders of record as of the close of business on
January 03, 2019. The Company previously indicated its intention 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.
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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, 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 popular leisure
and urban destinations. The Bluegreen Vacation Club is a flexible,
points-based vacation ownership plan with approximately 219,000
owners, 69 Club and Club Associate Resorts and access to nearly
11,400 other hotels and resorts through partnerships and exchange
networks as of September 30, 2019. 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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BBX Capital Corporation
Contact: Investor
Relations: Leo Hinkley, Managing Director, Investor
Relations Officer 954-940-5300 Email: LHinkley@BBXCapital.com
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