RE/MAX HOLDINGS, INC. ANNOUNCES QUARTERLY DIVIDEND
RE/MAX Holdings, Inc. (NYSE: RMAX) has declared a quarterly cash dividend of $0.23 per share of Class A common stock, payable on March 16, 2022, to shareholders on record by March 4, 2022. The CFO, Karri Callahan, emphasized the company's commitment to returning capital to shareholders while pursuing growth and generating free cash flow. RE/MAX operates globally with over 140,000 agents in nearly 9,000 offices. The company continues to evaluate its capital deployment strategies to enhance shareholder value.
- Quarterly cash dividend declared at $0.23 per share, reinforcing commitment to return capital to shareholders.
- Potential for substantial free cash flow generation in the future, signaling company growth.
- None.
DENVER, Feb. 22, 2022 /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 national mortgage brokerage franchise brand in the U.S., announced today that its Board of Directors declared a quarterly cash dividend of
The dividend is payable on March 16, 2022, to shareholders of record at the close of business on March 4, 2022.
"We are pleased to continue returning capital to our shareholders through a quarterly cash dividend as well as through the common stock repurchase program that we recently announced," said Karri Callahan, RE/MAX Holdings Chief Financial Officer. "As part of our longstanding strategy, we continue to evaluate our capital deployment priorities, balancing the needs of our business while at the same time driving value for shareholders. We remain well positioned to grow and generate substantial amounts of free cash flow in the future."
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 more than 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 has grown to over 175 offices across almost 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, the Company's ahre repurchase program, generation of free cash, and the Company's strategic and operating plans and business models. 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 continues to pose significant and widespread risks and ongoing uncertainty for 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 its brands, including the RE/MAX and Motto Mortgage brands, (8) the Company's ability to implement its technology initiatives, (9) risks and uncertainties related to the share repurchase program, including the timing, amount and price at which share repurchases may occur in connection with the program, (10) risks related to the Company's leadership transition including the change in the CEO role, (11) fluctuations in foreign currency exchange rates, and (12) 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-301487736.html
SOURCE RE/MAX Holdings, Inc.
FAQ
What is the dividend amount declared by RE/MAX Holdings?
When is the dividend payment date for RE/MAX Holdings?
What is the record date for the dividend from RE/MAX Holdings?
Is RE/MAX Holdings' dividend sustainable?
