RE/MAX Holdings (RMAX) Declares $1.50 Special Dividend; 4.6% Yield

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Go back to RE/MAX Holdings (RMAX) Declares $1.50 Special Dividend; 4.6% Yield

RE/MAX Holdings Announces Dividend Actions

March 11, 2015 5:05 PM EDT

DENVER, March 11, 2015 /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 today that its Board of Directors doubled the Company's quarterly dividend to $0.125 per share and approved a special cash dividend of $1.50 per share. The aggregate payment of the special cash dividend will be approximately $45 million and will be funded through existing cash.

Chief Executive Officer and Co-Founder of RE/MAX, Dave Liniger, said, "Our ability to double our quarterly... More