Douglas Elliman Inc., a real estate company, has recently declared an annual stock dividend of 5% on its common stock. The announcement, made by the company's Board of Directors, aims to enhance the long-term stockholder returns and strengthen the company's financial position. Additionally, the Board has also decided to suspend the quarterly cash dividend of $0.05 per share, effective immediately.

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Annual Stock Dividend Details

Douglas Elliman Inc. has scheduled the annual stock dividend to be paid out on June 30, 2023. Shareholders of record as of June 22, 2023, will be eligible to receive the dividend.

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Suspension of Quarterly Cash Dividend

The Board of Directors at Douglas Elliman Inc. has suspended the quarterly cash dividend, which was previously set at $0.05 per share. The decision comes as part of the regular evaluation of the company's dividend policy and capital allocation strategy. By reallocating these resources, the company aims to optimize its financial position and ensure sustained growth.