REGENCY AFFILIATES ANNOUNCES QUARTERLY DIVIDEND
NEW YORK, March 21, 2024 /PRNewswire/ -- Regency Affiliates, Inc. (OTC Pink: RAFI) ("Regency") today announced that it will pay a quarterly dividend of 7.5 cents per common share on April 5, 2024, to shareholders of record at the close of trading on March 29, 2024.
- NEW YORK, March 21, 2024 /PRNewswire/ -- Regency Affiliates, Inc. (OTC Pink: RAFI) ("Regency") today announced that it will pay a quarterly dividend of 7.5 cents per common share on April 5, 2024, to shareholders of record at the close of trading on March 29, 2024.
- "We are pleased to declare a quarterly dividend of 7.5 cents per common share reflecting a 3.4% increase over the quarterly dividend paid in April 2023," commented Laurence Levy, Chairman, CEO and CFO of Regency.
- Pursuant to the terms of the joint venture, Regency earns a 7.5% per annum preferred distribution on its $11.2MM capital contribution.
- Surplus cash flow after the preferred distribution is allocated 80% to Regency and 20% to SSCP.