Franchisor Re/Max Holdings Inc. will pay its first quarterly dividend to investors next month, saying that returning capital to shareholders “is an important part of our capital allocation strategy.”
The quarterly dividend of 6.25 cents per share works out to 25 cents a year, a dividend yield of 0.8 percent based on today’s closing price of $31.59 per share.
If that doesn’t sound terribly impressive, it’s more than a lot of other publicly-traded real estate companies — including Realogy, Zillow, Trulia, Move Inc. and ZipRealty — pay out in dividends: nothing. Source: prnewswire.com.
