BBX Capital Corporation Declares Quarterly Cash Dividend
September 13 2018 - 10:54AM
BBX Capital Corporation (NYSE: BBX, OTCQX: BBXTB) (“BBX Capital” or
the “Company”) announced today that the Company’s Board of
Directors has declared a cash dividend payment of $0.01 per share
on its Class A and Class B Common Stock, with a payment date of
October 19, 2018, to all shareholders of record at the close of
trading on September 28, 2018, the record date for the
dividend. The Company previously indicated its intention to
continue to declare regular quarterly dividends of $0.01 per
quarter per share on its Class A and Class B Common Stock (an
aggregate per share of $0.04 annually).
About BBX Capital Corporation:
BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) is a
Florida-based diversified holding company whose activities include
its 90 percent ownership interest in Bluegreen Vacations
Corporation (NYSE: BXG) as well as its real estate and middle
market divisions. For additional information, please visit
www.BBXCapital.com.
About Bluegreen Vacations
Corporation: Bluegreen Vacations Corporation (NYSE: BXG)
is a leading vacation ownership company that markets and sells
vacation ownership interests (VOIs) and manages resorts in top
leisure and urban destinations. The Bluegreen Vacation Club is a
flexible, points-based, deeded vacation ownership plan with
approximately 215,000 owners, 69 Club and Club Associate Resorts
and access to more than 11,100 other hotels and resorts through
partnerships and exchange networks as of June 30, 2018. Bluegreen
Vacations also offers a portfolio of comprehensive, fee-based
resort management, financial, and sales and marketing services, to
or on behalf of third parties. Bluegreen is 90% owned by BBX
Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified
holding company. For further information, visit
www.BluegreenVacations.com.
BBX Capital Corporation Contact Info:Investor
Relations: Leo Hinkley, Managing Director, Investor Relations
Officer954-940-5300, Email: LHinkley@BBXCapital.com
Media Relations Contacts: Kip Hunter Marketing,
954-765-1329, Nicole Lewis / Shannon O’Malley, Email:
nicole@kiphuntermarketing.com, shannon@kiphuntermarketing.com
Certain matters within this press release
include “forward–looking statements” within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Forward-looking
statements may involve known and unknown risks, uncertainties and
other factors that may cause the actual results or performance to
differ from those projected in the forward-looking statements,
including but not limited to, the risk that quarterly dividend
payments may not be declared at the current annualized amount, in
the future or on a regular basis, or as anticipated, if at all.
For a description of risks relating to the payment of
dividends as well as other risks and uncertainties, please review
the “Risk Factors” section and other information contained in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2017 and Quarterly Reports on Form 10-Q, filed with the
Securities and Exchange Commission, which are available on the
SEC's website, https://www.sec.gov, and on BBX Capital’s website,
www.BBXCapital.com.
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