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 30, 2015 to shareholders
of record on November 10, 2015.
Jeffry B. Fuqua, 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." John P.
Albright, President and Chief Executive Officer, noted, “Our second
semi-annual dividend this year remained at $0.04 per share, with our
full year dividend remaining at $0.08.”
About Consolidated-Tomoka Land Co.
Consolidated-Tomoka Land Co. is a Florida-based publicly traded real
estate company, which owns a portfolio of income investments in
diversified markets in the United States including more than 1.2 million
of square feet of income properties, as well as over 10,500 acres of
land in the Daytona Beach area. Visit our website at www.ctlc.com.
Forward-Looking Statements
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.
Forward-looking statements are subject to certain events, factors and
conditions, risks, uncertainties and assumptions that could cause the
Company’s actual results in the future to differ materially from its
historical results and those presently anticipated or projected. Such
risks and uncertainties include, among other things, prevailing market
conditions, obtaining necessary governmental approvals and satisfying
other closing conditions on land transactions, the timing for expected
land transactions to close, and the Company’s exploration of a potential
REIT conversion.
The Company wishes to caution readers that the assumptions which form
the basis for forward-looking statements with respect to or that may
impact earnings for the year ended December 31, 2015, and thereafter
include many factors that are beyond the Company’s ability to control or
estimate precisely. For a description of the risks and uncertainties
that may cause actual results to differ from the forward-looking
statements contained in this press release, please see the Company’s
filings with the Securities and Exchange Commission, including, but not
limited to the Company’s most recent Annual Report on Form 10-K for the
year ended December 31, 2014 and the Company’s Quarterly Report on Form
10-Q for the quarterly period ended June 30, 2015. Copies of each filing
may be obtained from the Company or the SEC.
While the Company periodically reassesses material trends and
uncertainties affecting its results of operations and financial
condition, the Company does not intend to review or revise any
particular forward-looking statement referenced herein in light of
future events.
Disclosures in this press release regarding the Company’s quarter-end
financial results are preliminary and are subject to change in
connection with the Company’s preparation and filing of its Form 10-K
for the year ending December 31, 2015. The financial information in this
release reflects the Company’s preliminary results subject to completion
of the year-end review process. The final results for the year may
differ from the preliminary results discussed above due to factors that
include, but are not limited to, risks associated with final review of
the results and preparation of financial statements.
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