Consolidated-Tomoka Land Co. Announces Quarterly Dividend of $0.10 Per Share
April 24 2019 - 3:20PM
Consolidated-Tomoka Land Co. (NYSE American: CTO) today announced
that the Company’s Board of Directors declared a quarterly dividend
of $0.10 per share payable on May 30, 2019 to shareholders of
record on May 10, 2019.
Laura M. Franklin, Chairman of the Board,
stated, “The Board is pleased that the operating results at
Consolidated-Tomoka Land Co. continue to support our dividend
tradition that began in 1976. The Board will continue to
review its dividend strategy on a regular basis.”
About Consolidated-Tomoka Land
Co.Consolidated-Tomoka Land Co. is a Florida-based
publicly traded real estate company, which owns over 2.3 million
square feet of income properties in diversified markets in the
United States, as well as approximately 5,400 acres of land in the
Daytona Beach area. Visit our website at www.ctlc.com.
We encourage you to review our most recent
investor presentations which are available on our website
at www.ctlc.com.
SAFE HARBOR
Certain statements contained in this press
release (other than statements of historical fact) are
forward-looking statements. Words such as “believe,” “estimate,”
“expect,” “intend,” “anticipate,” “will,” “could,” “may,” “should,”
“plan,” “potential,” “predict,” “forecast,” “project,” and similar
expressions and variations thereof are intended to identify certain
of such forward-looking statements, which speak only as of the
dates on which they were made, although not all forward-looking
statements contain such words. Although forward-looking statements
are made based upon management’s expectations and beliefs
concerning future developments and their potential effect upon the
Company, a number of factors could cause the Company’s actual
results to differ materially from those set forth in the
forward-looking statements. Such factors may include the completion
of 1031 exchange transactions, the availability of investment
properties that meet the Company’s investment goals and criteria,
the modification of terms of certain land sales agreements,
uncertainties associated with obtaining required governmental
permits and satisfying other closing conditions for planned
acquisitions and sales, as well as the uncertainties and risk
factors discussed in our Annual Report on Form 10-K for the fiscal
year ended December 31, 2018, as filed with the Securities and
Exchange Commission. There can be no assurance that future
developments will be in accordance with management’s expectations
or that the effect of future developments on the Company will be
those anticipated by management. Readers are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this release.
Contact: |
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Mark E. Patten, Sr. Vice President and CFO |
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mpatten@ctlc.com |
Phone: |
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(386) 944-5643 |
Facsimile: |
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(386) 274-1223 |
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