Douglas Elliman Declares Quarterly Cash Dividend

Rhea-AI Summary

Douglas Elliman Inc. (NYSE: DOUG) announced a regular quarterly cash dividend of $0.05 per share, set to be paid on March 31, 2023, to shareholders of record as of March 23, 2023. This announcement reflects the company's ongoing commitment to returning value to shareholders amid its operations as one of the largest residential brokerage firms in the United States, with a strong presence in key markets including New York City and California. The company's strategy also involves investments in early-stage property technology solutions, positioning it for future growth.

Positive

• Quarterly cash dividend of $0.05 per share enhances shareholder returns.
• Commitment to value creation through regular dividends.
• Strong market presence as one of the largest residential brokerages in the U.S.

Negative

• None.

MIAMI--(BUSINESS WIRE)-- Douglas Elliman Inc. (NYSE: DOUG) today announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.05 per share. The quarterly cash dividend will be payable on March 31, 2023 to holders of record as of March 23, 2023.

About Douglas Elliman Inc.

Douglas Elliman Inc. (NYSE: DOUG, “Douglas Elliman”) owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Texas, Colorado, and Nevada. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology (“PropTech”) solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, investors.elliman.com.

Investors and others should note that we may post information about Douglas Elliman on our website at investors.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at investors.elliman.com and on our social media accounts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230313005791/en/

Stephen Larkin, Douglas Elliman Inc.

917-902-2503

Emily Claffey/Benjamin Spicehandler/Columbia Clancy, FGS Global

212-687-8080 (U.S.)

44(0)2031788914 (Europe)

J. Bryant Kirkland III, Douglas Elliman Inc.

305-579-8000

Source: Douglas Elliman Inc.

FAQ

What is the dividend amount declared by Douglas Elliman Inc.?

Douglas Elliman Inc. declared a quarterly cash dividend of $0.05 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on March 31, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is March 23, 2023.

How does the dividend impact investors of Douglas Elliman Inc.?

The dividend reflects Douglas Elliman's commitment to returning value to its shareholders.