Regency Affiliates Inc. Declares Quarterly Dividend of $0.06 (RAFI)
Regency Affiliates Inc. (OTCMKTS:RAFI) announced a quarterly dividend on Monday, December 18th, Zacks reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.063 per share on Friday, January 5th. This represents a $0.25 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Regency Affiliates (OTCMKTS:RAFI) opened at $7.35 on Tuesday. Regency Affiliates has a 12 month low of $6.80 and a 12 month high of $9.54.
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Regency Affiliates, Inc invests in assets that generate predictable and sustainable returns on capital. The Company’s objective is to generate long-term value for its shareholders. The Company’s management seeks investment opportunities to meet its business characteristics and valuation criteria. The Company holds a limited partnership interest in Security Land and Development Company Limited Partnership (Security Land), which owns and operates approximately 34.3 acres of land and rental property of approximately 717,000 square feet in Woodlawn, Maryland.
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