|By Marketwired .||
|December 16, 2013 12:00 PM EST|
PHILADELPHIA, PA -- (Marketwired) -- 12/16/13 -- Resource America, Inc. (NASDAQ: REXI) (the "Company") announces that its Board of Directors has increased the amount of its quarterly cash dividend and has authorized the payment of a cash dividend on January 31, 2014 in the amount of $0.05 per share of the Company's common stock to all holders of record at the close of business on January 17, 2014. This cash dividend is the second consecutive increase and is approximately a 67% increase over the cash dividend paid on July 31, 2013. The Company has paid a consecutive quarterly cash dividend for over 18 years.
Resource America, Inc. is an asset management company that specializes in real estate and credit investments. The Company's objective is to be best in class among asset managers in the real estate and credit sectors as measured by returns to investors and the quality of the funds and businesses it manages. Resource America's investments emphasize consistent value and long-term returns with an income orientation. For more information please visit our website at www.resourceamerica.com or contact Marketing and Investor Relations at email@example.com.
Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. The Company undertakes no obligation to update or revise any forward looking statement to reflect new or changing information or events.