Reis, Inc. Announces First Ever Quarterly Cash Dividend

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Go back to Reis, Inc. Announces First Ever Quarterly Cash Dividend

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

May 20, 2014 8:46 AM EDT

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... More