Reis, Inc. (REIS) Initiated Qtr. Dividend at 11c/Share; Yields 2.5%

Reis, Inc. (NASDAQ: REIS) has initiated a quarterly dividend of $0.11 per share, or $0.44 annualized.

The dividend will be payable on June 18, 2014, to stockholders of record on June 11, 2014, with an ex-dividend date of June 9, 2014.

The annual yield on the dividend is 2.5 percent.

Lloyd Lynford, President and Chief Executive Officer of Reis, stated "Reis is in an enviable position. Due to our subscription model and strong renewal rates, we have high visibility on future revenue and cash flows. These attributes, together with a substantial cash balance, no debt and on-going significant cash flow generation, allow us to continue to invest in the business while we return cash to our shareholders. Both of these objectives can be vigorously pursued while we continue to grow Reis's revenues and earnings. Based upon the closing price of Reis common stock yesterday, we are pleased that our first quarterly dividend reflects an annualized yield of 2.46%. This dividend compliments our leading industry position and is an important part of our commitment to bring value to shareholders."

It is the Company's expectation that it will maintain a program of paying dividends on a quarterly basis; however, the declaration of dividends in the future is subject to the discretion of the Reis Board of Directors, which will evaluate the Company's dividend program from time to time in light of the Company's financial condition, earnings, cash flows, growth prospects, tax situation, restrictions under the Company's credit facility, applicable law and other factors that the Board of Directors deems relevant.

Today, Lloyd Lynford and Mark P. Cantaluppi (Reis's Chief Financial Officer) will be discussing this announcement, as well as the Company's first quarter results and the Reis business generally, at the B. Riley & Co. 15th Annual Investor Conference at the Loews Santa Monica Beach Hotel, located at 1700 Ocean Avenue, Santa Monica, California.

For a dividend history and other dividend-related data on Reis, Inc. (REIS) click here.

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