Altisource Residential Corporation Announces Quarterly Cash Dividend
29 Mai 2014 - 2:55PM
Altisource Residential Corporation ("Residential") (NYSE:RESI)
announced today that its Board of Directors has declared a
quarterly cash dividend of $0.45 per share of common stock.
Residential will pay this quarterly dividend on June 23, 2014 to
all stockholders of record as of the close of business on June 9,
2014. This is the third consecutive quarter in which Residential
has increased its dividend.
About Residential
Residential is focused on providing affordable rental homes to
families throughout the United States. It acquires single-family
properties through the purchase of distressed mortgage loan
portfolios. Residential's strategy is to work with borrowers to
modify and refinance loans to keep them in their homes and convert
the majority of unmodified loans into renovated rental properties.
Additional information is available at www.altisourceresi.com.
Forward Looking Statements
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Those forward-looking
statements include all statements that are not historical fact,
including statements about management's beliefs and expectations.
Forward-looking statements are based on management's beliefs as
well as assumptions made by and information currently available to
management. Because such statements are based on expectations as to
future economic performance and are not statements of historical
fact, actual results may differ materially from those projected.
Residential undertakes no obligation to update any forward-looking
statements whether as a result of new information, future events or
otherwise. The risks and uncertainties to which forward-looking
statements are subject include, but are not limited to:
Residential's ability to implement its business plan; Residential's
ability to leverage strategic relationships on an efficient and
cost-effective basis; its ability to compete; general economic and
market conditions; governmental regulations, taxes and policies;
availability of adequate and timely sources of liquidity and
financing and other risks and uncertainties detailed in the
"Forward-Looking Statements," "Risk Factors" and other sections of
Residential's Registration Statement on Form 10, its annual report
on Form 10-K, its quarterly reports on Form 10-Q and other filings
with the Securities and Exchange Commission.
CONTACT: Kenneth D. Najour
Chief Financial Officer
T: 340-713-7722
E: Kenneth.Najour@AltisourceAMC.com
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