DAYTONA BEACH, Fla., Oct. 27 /PRNewswire-FirstCall/ -- At its regular Board of Directors' meeting on October 27, 2010, Consolidated-Tomoka Land Co. (NYSEAmex : CTO ) declared a dividend of $0.01 per share payable on November 30, 2010, to shareholders of record on November 12, 2010.
Consolidated-Tomoka Land Co. is a Florida-based company primarily engaged in converting Company owned agricultural lands into a portfolio of net lease income properties strategically located in the Southeast, through the efficient utilization of 1031 tax-deferred exchanges. The Company has low long-term debt and generates over $9 million annually before tax cash flow from its real estate portfolio. The Company also engages in selective self-development of targeted income properties. The Company's adopted strategy is designed to provide the financial strength and cash flow to weather difficult real estate cycles. Visit our website at www.ctlc.com.
SOURCE Consolidated-Tomoka Land Co.