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Consolidated-Tomoka Land (CTO) Cuts Qtr. Dividend by 50% to $0.05, Yielding 0.54%

July 23, 2009 5:02 PM EDT
CTO Hot Sheet
Dividend Yield: 0.1%
Consolidated-Tomoka Land Co. (Amex: CTO) today approved a 50% reduction in its quarterly dividend from $0.10 to $0.05 per common share, payable on August 26, 2009, to shareholders of record on August 6, 2009.

The dividend yield falls from 1.08% to 0.54%.

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