RE/MAX HOLDINGS, INC. ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

RE/MAX Holdings, Inc. (NYSE: RMAX) announced a quarterly cash dividend of $0.23 per share of Class A common stock, payable on March 22, 2023, to shareholders of record as of March 8, 2023. This reflects the company's commitment to returning value to its shareholders. RE/MAX is a global leader in real estate franchising with over 140,000 agents across nearly 9,000 offices. The firm remains dedicated to innovation in the industry, notably through its Motto Mortgage brand, which has expanded to over 225 offices across more than 40 states.

Positive

• Quarterly cash dividend of $0.23 per share demonstrates commitment to shareholder value.
• Presence of over 140,000 agents highlights the company's strong market position.

Negative

• Potential risks from the global COVID-19 pandemic affecting the business.
• Economic fluctuations and changes in interest rates may impact operations.

DENVER, Feb. 15, 2023 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and of Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., announced today that its Board of Directors declared a quarterly cash dividend of $0.23 per share of Class A common stock.

The dividend is payable on March 22, 2023, to shareholders of record at the close of business on March 8, 2023.

About RE/MAX Holdings, Inc.

RE/MAX Holdings, Inc. (NYSE: RMAX) is one of the world's leading franchisors in the real estate industry, franchising real estate brokerages globally under the RE/MAX® brand, and mortgage brokerages within the U.S. under the Motto® Mortgage brand. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Now with more than 140,000 agents in almost 9,000 offices and a presence in over 110 countries and territories, nobody in the world sells more real estate than RE/MAX, as measured by total residential transaction sides. Dedicated to innovation and change in the real estate industry, RE/MAX launched Motto Franchising, LLC, a ground-breaking mortgage brokerage franchisor, in 2016. Motto Mortgage, the first-and-only national mortgage brokerage franchise brand in the U.S., has grown to over 225 offices across more than 40 states.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are often identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," "anticipate," "may," "will," "would" and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. Forward-looking statements include statements related to: dividends. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily accurately indicate the times at which such performance or results may be achieved. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include, without limitation, (1) the global COVID-19 pandemic, which poses significant and widespread risks to the Company's business, including the Company's agents, loan originators, franchisees and employees, as well as home buyers and sellers. (2) changes in the real estate market or interest rates and availability of financing, (3) changes in business and economic activity in general, (4) the Company's ability to attract and retain quality franchisees, (5) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (6) changes in laws and regulations, (7) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (8) the Company's ability to implement its technology initiatives, and (9) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at www.remaxholdings.com and on the SEC website at www.sec.gov.  Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no obligation, to update this information to reflect future events or circumstances.

View original content to download multimedia:https://www.prnewswire.com/news-releases/remax-holdings-inc-announces-quarterly-dividend-301748086.html

SOURCE RE/MAX Holdings, Inc.

FAQ

What is the dividend amount declared by RE/MAX Holdings in February 2023?

RE/MAX Holdings declared a dividend of $0.23 per share.

When is the dividend payable for RE/MAX Holdings?

The dividend is payable on March 22, 2023.

What is the record date for RE/MAX Holdings' dividend?

The record date for the dividend is March 8, 2023.

How many agents does RE/MAX Holdings have globally?

RE/MAX Holdings has over 140,000 agents worldwide.

What risks does RE/MAX Holdings face according to their press release?

The company faces risks from the COVID-19 pandemic, economic fluctuations, and changes in interest rates.