At its regularly scheduled meeting of the Board of Directors held today,
Consolidated-Tomoka Land Co. (NYSE MKT: CTO) declared a semi-annual
dividend of $0.04 per share payable on November 25, 2014 to shareholders
of record on November 7, 2014.
Jeffry B. Fuqua, Chairman of the Board, stated, "The Board is pleased
that the operating results at Consolidated-Tomoka Land Co. supports
another increase in the dividend from the preceding semi-annual
dividend, continuing our dividend tradition that began in 1976. The
Board will continue to review its dividend strategy on a regular basis."
John P. Albright, President and Chief Executive Officer, noted, “Our
second semi-annual dividend this year was increased to $0.04 per share,
thus putting our full year dividend at $0.07 or 16.7% higher than 2013’s
full year of $0.06.”
About Consolidated-Tomoka Land Co.
Consolidated-Tomoka Land Co. is a Florida-based publicly traded real
estate company, which owns a portfolio of income properties and loan
investments in diversified markets in the United States, and over 10,500
acres of land in the Daytona Beach, Florida area. Visit 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. The words
“believe,” “estimate,” “expect,” “intend,” “anticipate,” “will,”
“could,” “may,” “should,” “plan,” “potential,” “predict,” “forecast,”
“project,” and similar expressions and variations thereof identify
certain of such forward-looking statements, which speak only as of the
dates on which they were made. Forward-looking statements are made based
upon management’s expectations and beliefs concerning future
developments and their potential effect upon the Company. 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.
Copyright Business Wire 2014