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Bluegreen Vacations’ Board of Directors Approves Regular Quarterly Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
managementdividends
Rhea-AI Summary
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced a cash dividend of $0.15 per share, payable on May 16, 2022, to shareholders of record by May 2, 2022. The company aims to maintain quarterly dividends of $0.15, totaling $0.60 annually. This move reflects Bluegreen's commitment to returning value to shareholders amidst its operations in vacation ownership and resort management.
Positive
Declaration of a quarterly cash dividend of $0.15 per share.
Commitment to maintain regular dividend payments, projecting an annual dividend of $0.60.
Negative
Risk that future dividend payments may not meet current levels.
Potential uncertainties regarding the company's future performance.
BOCA RATON, Fla.--(BUSINESS WIRE)--
Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “Bluegreen”) announced today that the Company’s Board of Directors has declared a cash dividend of $0.15 per share on its Class A and Class B Common Stock, payable on May 16, 2022, to all shareholders of record at the close of trading on May 2, 2022. The Company also indicated that it intends to continue to declare regular dividends of $0.15 per quarter per share (an annual dividend of $0.60) on its Common Stock in the future.
About Bluegreen Vacations:
Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) is a leading vacation ownership company that markets and sells vacation ownership interests and manages resorts in popular leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan with 68 Club and Club Associate Resorts and access to nearly 11,300 other hotels and resorts through partnerships and exchange networks. The Company also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services to, or on behalf of, third parties.
For further information, please visit us at:
Bluegreen Vacations Holding Corporation: www.BVHCorp.com
Certain matters within this press release include “forward–looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements, including but not limited to, the risk that quarterly dividend payments may not be declared at the current level in the future, on a regular basis as anticipated, or at all, and the risks associated with the Company’s future progress and performance. For a description of risks relating to the payment of dividends as well as other risks and uncertainties, please review the Company's filings with the SEC, including, without limitation, the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (including the “Risk Factors” section thereof), filed with the Securities and Exchange Commission, which are available on the SEC's website, https://www.sec.gov, and on Bluegreen Vacations’ website, www.BVHCorp.com. The Company cautions that the foregoing factors are not exclusive.
