Douglas Elliman Declares Quarterly Cash Dividend

Rhea-AI Summary

Douglas Elliman Inc. (NYSE: DOUG) has declared a quarterly cash dividend of $0.05 per share, scheduled for payment on June 29, 2022. Shareholders of record as of June 17, 2022 will be eligible to receive this dividend. As one of the largest residential brokerage firms in the U.S., Douglas Elliman operates in key markets including New York City, California, and Florida. The company is also involved in innovative property technology solutions for real estate.

Positive

• Quarterly cash dividend of $0.05 per share enhances shareholder value.
• Dividend payment signals confidence in ongoing financial health.

Negative

• None.

NEW YORK--(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 June 29, 2022 to holders of record as of June 17, 2022.

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, Colorado, Texas 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, www.elliman.com.

Investors and others should note that we may post information about Douglas Elliman on our website at www.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 www.elliman.com and on our social media accounts.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220602005975/en/

Emily Claffey/Benjamin Spicehandler

Sard Verbinnen & Co

212-687-8080

Source: Douglas Elliman Inc.

FAQ

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

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

When will the dividend be paid for Douglas Elliman Inc. (DOUG)?

The dividend will be paid on June 29, 2022.

What is the record date for the dividend of Douglas Elliman Inc. (DOUG)?

The record date for the dividend is June 17, 2022.

How often does Douglas Elliman Inc. (DOUG) pay dividends?

Douglas Elliman Inc. pays dividends quarterly.

Is the dividend from Douglas Elliman Inc. (DOUG) sustainable?

The regular dividend payment indicates potentially sustainable earnings, but sustainability should be evaluated based on future financial performance.