RE/MAX Holdings Announces First Quarterly Dividend
DENVER, March 24, 2014 /PRNewswire/ -- RE/MAX Holdings, Inc. (the "Company" or "RE/MAX") (NYSE: RMAX), one of the world's leading franchisors of real estate brokerage services, announced that its Board of Directors declared a quarterly dividend of $0.0625 per share of Class A common stock. The dividend is payable on April 18, 2014 to shareholders of record at the close of business on April 4, 2014.
"We're pleased to announce our first quarterly dividend as a public company. Returning capital to shareholders is an important part of our capital allocation strategy," said Margaret Kelly, Chief Executive Officer. "We believe we're in a strong position as a company and feel the dividend reflects the confidence we have in our business."
About the RE/MAX Network
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 90,000 agents provide RE/MAX a global reach of more than 90 countries. Nobody sells more real estate than RE/MAX.
RE/MAX, LLC, one of the world's leading franchisors of real estate brokerage services, is a wholly-owned subsidiary of RMCO, which is controlled and managed by RE/MAX Holdings, Inc. (NYSE: RMAX).
SOURCE RE/MAX Holdings, Inc.