Coconut Grove, Dec 14, 2018 (Issuewire.com) - HMG/Courtland Properties, Inc. (NYSE Amex: HMG), announced today that its Board of Directors has declared a dividend of $0.50 per share on the Companys Common Stock payable on January 9, 2019, to shareholders of record as of December 28, 2018.
The Company also announced today that its Board of Directors has authorized a share repurchase program. Under the program, HMG is authorized to purchase up to $500,000 of its outstanding shares of common stock in open market and privately negotiated transactions. The program will be in place through December 31, 2021.
Cautionary Statement
This release contains forward-looking statements that reflect the companys current expectations about its future plans, including dividends. These forward-looking statements rely on a number of assumptions and estimates that could be inaccurate, and which are subject to risks and uncertainties. Actual results could vary materially from those anticipated or expressed in any forward-looking statements, made by the company. Please refer to the companys most recent Form 10-K and subsequent filings for a further discussion of these risks and uncertainties. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events and circumstances after the date of the release.
HMG/COURTLAND PROPERTIES, INC.
1870 South Bayshore Drive
Coconut Grove, Florida 33133
(305) 854-6803
Company Contact: Maurice Wiener
Media Contact
HMG/Courtland Properties, Inc.
305-854-6803
1870 South Bayshore Drive, Coconut Grove, FL 33133
Source :HMG/Courtland Properties, Inc.
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