Bluegreen Vacations’ Board of Directors Declares Increased Quarterly Cash Dividend

Rhea-AI Summary

Bluegreen Vacations Holding Corporation (NYSE: BVH; OTCQX: BVHBB) announced a quarterly cash dividend of $0.20 per share, up from the previous $0.15. This dividend will be payable on March 20, 2023, to shareholders of record as of March 6, 2023. The company specializes in vacation ownership and manages numerous resorts, offering a points-based ownership program with access to over 11,300 hotels globally. This dividend increase reflects the company's confidence in its financial health and aims to reward shareholders.

Positive

• Quarterly dividend increased from $0.15 to $0.20 per share
• Dividend payment reflects company confidence

Negative

• Risks associated with future dividend payments not being sustained at current levels

BOCA RATON, Fla.--(BUSINESS WIRE)-- Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “Bluegreen Vacations”) announced today that the Company’s Board of Directors has declared a quarterly cash dividend of $0.20 per share on its Class A and Class B Common Stock, payable on March 20, 2023 to all shareholders of record at the close of trading on March 06, 2023. The dividend is an increase from the prior quarterly dividend of $0.15 per share.

About Bluegreen Vacations Holding Corporation:

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 70 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 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230217005329/en/

Bluegreen Vacations Holding Corporation Contact Info:

Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer

Telephone: 954-399-7193

Email: Leo.Hinkley@BVHcorp.com

Source: Bluegreen Vacations Holding Corporation

FAQ

What is the dividend amount declared by Bluegreen Vacations Holding Corporation for March 2023?

Bluegreen Vacations declared a dividend of $0.20 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 20, 2023.

What date is the record for shareholders to receive the dividend?

The record date for shareholders is March 6, 2023.

How much was the previous dividend amount before the increase?

The previous dividend amount was $0.15 per share.

What are the risks associated with Bluegreen Vacations' dividend payments?

The company cautions that future dividend payments may not be at the current level or regular as anticipated.