DENVER, Oct. 31, 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.
The dividend is payable on November 28,
2018 to shareholders of record at the close of business on
November 14, 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 120,000 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 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. Such risks and
uncertainties include, without limitation, (1) changes in the real
estate market or interest rates and availability of financing, (2)
changes in business and economic activity in general, (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) the Company's
ability to implement its technology initiatives, (8) fluctuations
in foreign currency exchange rates, (9) the existence and
identification of control deficiencies, including the material
weakness in our internal control over financial reporting, and any
impact of such control deficiencies as well as costs in remediating
those control deficiencies, (10) the impact of recent changes to
our senior management team, (11) the impact of the findings and
recommendations of the previously disclosed Special Committee
investigation on the Company and its management and operations,
including reputational damage to the Company, time and expenses
incurred in implementing the recommendations of the Special
Committee, any legal proceedings or governmental or regulatory
investigations or actions related to the underlying matters of the
Special Committee's internal investigation or other matters, and
the diversion of management's time and resources to address such
matters, 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 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.