Altisource Residential (RESI) Declares $0.10 Quarterly Dividend; 2.9% Yield
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Altisource Residential Corporation Announces Quarterly Cash Dividend Bringing Total 2015 Annual Dividend to $1.75 per Share
December 21, 2015 5:12 PM ESTCHRISTIANSTED, U.S. Virgin Islands, Dec. 21, 2015 (GLOBE NEWSWIRE) -- Altisource Residential Corporation (Residential) (NYSE: RESI) announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock, bringing the total annual dividend to $1.75 per share. Residential will pay this quarterly dividend on January 15, 2016 to all stockholders of record as of the close of business on December 31, 2015.
Based on Residentials expected taxable income for 2015, it should declare and pay an additional special dividend in early 2016 to distribute its remaining taxable income for 2015.Â
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