DENVER, Feb. 20, 2019 /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, an innovative mortgage brokerage franchise,
announced today that its Board of Directors declared a quarterly
cash dividend of $0.21 per share of
Class A common stock, a 1-cent or 5%
increase over the previous quarter's dividend.
The dividend is payable on March 20,
2019 to shareholders of record at the close of business on
March 6, 2019.
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 in this press release 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 the effect of measures taken in response to
the investigation, reputational damage to the Company relating to
the investigation, 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.