Retail Value (RVI) Declares $1.30 Year-End Dividend; 4.5% Yield

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Go back to Retail Value (RVI) Declares $1.30 Year-End Dividend; 4.5% Yield

Retail Value Inc. Declares 2018 Year-End Common Stock Dividend of $1.30

December 7, 2018 4:05 PM EST

BEACHWOOD, Ohio--(BUSINESS WIRE)-- Retail Value Inc. (NYSE: RVI) declared a common stock dividend of $1.30 per share (approximately $24.0 million in the aggregate) on account of annual taxable income generated in Puerto Rico. The dividend is payable on January 25, 2019 to shareholders of record at the close of business on December 17, 2018 and will be subject to a 10% withholding tax.

In order to retain capital given the expected pace of spending on repair of hurricane damages in Puerto Rico assets, the Company has elected to pay the dividend in a combination of cash and... More