DENVER, Feb. 21, 2018 /PRNewswire/ -- RE/MAX
Holdings, Inc. (NYSE: RMAX), parent company of RE/MAX, LLC, one
of the world's leading franchisors of real estate brokerage
services, and of Motto Mortgage, an innovative mortgage brokerage
franchise, announced today that its Board of Directors declared a
quarterly cash dividend of $0.20 per
share of Class A common stock.
"As part of our commitment to return capital to shareholders,
our Board approved an 11 percent increase to our quarterly
dividend," said Adam Contos, Chief
Executive Officer. "The stability of our franchise business model
which has strong recurring revenue and free cash flow enables us to
once again increase our dividend while maintaining a disciplined
approach to capital allocation."
Contos continued, "Our fundamental goal is to create long-term
value for our shareholders. We remain well positioned to
continue to reinvest strategically while also considering other
attractive opportunities to generate future growth."
The dividend is payable on March 21,
2018 to shareholders of record at the close of business on
March 7, 2018.
About the RE/MAX Network+
RE/MAX was founded in 1973 by David and
Gail Liniger, with an innovative, entrepreneurial culture
affording its agents and franchisees the flexibility to operate
their businesses with great independence. Over 115,000 agents
provide RE/MAX a global reach of over 100 countries and
territories. Nobody sells more real estate than RE/MAX as measured
by total residential transaction sides.
RE/MAX, LLC, one of the world's leading franchisors of real
estate brokerage services, and Motto Mortgage, an innovative
mortgage brokerage franchise, are subsidiaries of RMCO LLC, which
is controlled and managed by RE/MAX Holdings, Inc. (NYSE:
RMAX).
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 revenue,
operating expenses, financial outlook, dividends, as well as other
statements regarding the Company's strategic and operational 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.
Such risks and uncertainties include, without limitation, (1)
changes in business and economic activity in general, (2) changes
in the real estate market or interest rates and availability of
financing, (3) the Company's ability to attract and retain quality
franchisees, (4) the Company's franchisees' ability to recruit and
retain real estate agents and mortgage loan originators, (5)
changes in laws and regulations, (6) the Company's ability to
enhance, market, and protect the RE/MAX and Motto Mortgage brands,
(7) fluctuations in foreign currency exchange rates, as well as
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 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.remax.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.
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SOURCE RE/MAX Holdings, Inc.