Technical Olympic USA, Inc. Declares Cash Dividend
24 Mai 2005 - 11:28PM
PR Newswire (US)
Technical Olympic USA, Inc. Declares Cash Dividend HOLLYWOOD, Fla.,
May 24 /PRNewswire-FirstCall/ -- Technical Olympic USA, Inc.
(NYSE:TOA) announced today that its Board of Directors has declared
a cash dividend of $.015 per share on the Company's outstanding
common stock. The cash dividend will be payable on June 17, 2005,
to shareholders of record at the close of business on June 6, 2005.
Technical Olympic USA, Inc. ("TOUSA") is a leading homebuilder in
the United States, operating in 15 metropolitan markets located in
four major geographic regions: Florida, the Mid-Atlantic, Texas,
and the West. TOUSA designs, builds, and markets high-quality
detached single-family residences, town homes, and condominiums to
a diverse group of homebuyers, such as "first- time" homebuyers,
"move-up" homebuyers, homebuyers who are relocating to a new city
or state, buyers of second or vacation homes, active-adult
homebuyers, and homebuyers with grown children who want a smaller
home ("empty-nesters"). It also provides financial services to its
homebuyers and to others through its subsidiaries, Preferred Home
Mortgage Company and Universal Land Title, Inc. For more
information on TOUSA, please visit our website at
http://www.tousa.com/ . This press release may contain
forward-looking statements. The Company wishes to caution readers
that certain important factors may have affected and could in the
future affect the Company's actual results and could cause the
Company's actual results for subsequent periods to differ
materially from those expressed in any forward-looking statement
made by or on behalf of the Company. This press release is
qualified in its entirety by cautionary statements and risk factor
disclosure contained in the Company's Securities and Exchange
Commission filings, including the Company's report on Form 10-K for
the year ended December 31, 2004, filed with the Commission on
March 11, 2005. DATASOURCE: Technical Olympic USA, Inc. CONTACT:
David Keller, Chief Financial Officer, +1-800-542-4008, or , or
Hunter Blankenbaker, Director of Corporate Communications,
+1-954-965-6606, or , both of Technical Olympic USA, Inc. Web site:
http://www.tousa.com/
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