Corelogic (CLGX) Initiates $0.22 Quarterly Dividend; 2.1% Yield

Corelogic (NYSE: CLGX) declared a quarterly dividend of $0.22 per share, or $0.88 annualized.

The dividend will be payable on January 24, 2020, to stockholders of record on January 10, 2020, with an ex-dividend date of January 9, 2020.

The annual yield on the dividend is 2.1 percent.

”The Board’s decision to initiate a dividend, as we enter our tenth year as a public company, demonstrates our long-held commitment to recognize and reward our long-term shareholders through a robust capital return program. Our ability to return significant capital over time is made possible by the consistent delivery of our operating and financial plans which drive sustainable, profitable revenue growth and strong free cash flow generation,” said Paul Folino, Chairman of the Board of CoreLogic.

“Since 2010, CoreLogic’s durable and cash generative business model has allowed us to reinvest in our business, prudently manage our debt levels, and return approximately $1.5 billion of capital to our shareholders through the repurchase of approximately 49 million of our common shares. As we move into 2020, the initiation of a dividend is a logical progression and adds another element to our capital allocation strategy. We believe a dividend will provide predictable ongoing returns and underscores our commitment to deliver long-term value to our shareholders, while continuing to allow for the repurchase of shares on an opportunistic basis,” said Frank Martell, President and Chief Executive Officer of CoreLogic.

For a dividend history and other dividend-related data on Corelogic (CLGX) click here.

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