The RMR Group Inc. Announces Quarterly Dividend on Common Shares

Rhea-AI Summary

The RMR Group Inc. (Nasdaq: RMR) has declared a quarterly cash dividend of $0.38 per share, amounting to an annual dividend of $1.52 per share. This dividend will be distributed to shareholders of record as of October 25, 2021 and is set to be paid on or about November 18, 2021. RMR's asset management capabilities include overseeing over $32 billion in assets, supported by a team of approximately 600 professionals across 30 offices nationwide.

Positive

• Declared a quarterly cash dividend of $0.38 per share, fostering shareholder income.
• Strong asset management with over $32 billion in assets, indicating financial stability.
• Established presence with approximately 600 real estate professionals enhancing operational effectiveness.

Negative

• Future dividends are subject to change and not guaranteed, posing risks to income sustainability.

NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq: RMR) today announced a regular quarterly cash dividend on its shares of Class A Common Stock and Class B-1 Common Stock of $0.38 per share ($1.52 per share per year). This distribution will be paid to RMR’s shareholders of record as of the close of business on October 25, 2021 and distributed on or about November 18, 2021.

The RMR Group Inc. (Nasdaq: RMR) is a holding company and substantially all of its business is conducted by its majority owned subsidiary, The RMR Group LLC, or RMR. RMR is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by approximately 600 real estate professionals in over 30 offices nationwide who manage over $32 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.

WARNING REGARDING FORWARD LOOKING STATEMENTS

This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward looking statements are based upon RMR’s present beliefs and expectations, but these statements and the implications of these statements are not guaranteed to occur and may not occur for various reasons, some of which are beyond RMR’s control. For example, this press release states that RMR’s quarterly dividend will be $0.38 per share ($1.52/share per year) on RMR Class A Common Stock and Class B-1 Common Stock. A possible implication of this statement is that RMR will continuously pay quarterly dividends of $0.38/share per quarter or $1.52/share per year in the future. RMR’s dividend rates are set and reset from time to time by RMR’s Board of Directors. The RMR Board of Directors considers many factors when setting dividend rates including RMR’s current and expected earnings, commitments to fund its investments and the availability of cash to fund dividends as compared to alternative uses of such cash. Accordingly, future dividend rates may be increased or decreased and there is no assurance as to the rate at which future dividends will be declared and paid. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward looking statements in this press release. Except as required by law, RMR does not intend to update or change any forward looking statements as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211014005124/en/

Michael Kodesch, Director, Investor Relations

(617) 796-8230

Source: The RMR Group Inc.

FAQ

What is the dividend amount declared by RMR?

RMR has declared a dividend of $0.38 per share.

When will RMR pay its dividend?

The dividend will be paid on or about November 18, 2021.

Who is eligible for the RMR dividend?

Shareholders of record as of October 25, 2021, are eligible for the dividend.

What is the annual dividend yield for RMR?

The annual dividend yield amounts to $1.52 per share.

How often does RMR pay dividends?

RMR pays dividends quarterly.