dividend
confidence high
sentiment neutral
materiality 0.65
Douglas Elliman suspends quarterly cash dividend, declares 5% stock dividend
Douglas Elliman Inc.
- 5% stock dividend payable June 30, 2023 to holders of record June 22, 2023.
- Quarterly cash dividend of $0.05 per share suspended immediately.
- Board asserts the change strengthens balance sheet and supports long-term returns.
- Annual stock dividend replaces prior quarterly cash dividend policy.