Owens Realty Mortgage (ORM) Raises Quarterly Dividend 25% to $0.10; 2.4% Yield
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Owens Realty Mortgage (ORM) Approves $10M Buyback Plan, Increases Dividend
June 13, 2017 4:06 PM EDTOwens Realty Mortgage, Inc. (NYSE: ORM) (the "Company") today announced that its Board of Directors (the "Board") has authorized a new stock repurchase plan (the "Repurchase Plan"), which enables the Company to repurchase up to $10,000,000 of its outstanding common stock from stockholders over the six months beginning July 13, 2017, as market conditions warrant. Additionally, the Board has declared an increased quarterly dividend of $0.10 per share of common stock for the quarter ending June 30, 2017 (increased from previously $0.08 per share). The dividend will be paid on July 13, 2017 to stockholders of record at the close of business on June 30,... More
