NEWTON, Mass.--(BUSINESS WIRE)--
The RMR Group Inc. (Nasdaq: RMR) today announced it has raised its
regular quarterly cash dividend on its shares of Class A Common Stock
and Class B-1 Common Stock by $0.10 per share to $0.35 per share for the
quarter ended September 30, 2018 ($1.40 per share per year). This
distribution will be paid to RMR’s shareholders of record as of the
close of business on October 29, 2018 and distributed on or about
November 15, 2018.
The RMR Group Inc. is a holding company and substantially all of its
business is conducted by its majority-owned subsidiary, The RMR Group
LLC. The RMR Group LLC is an alternative asset management company that
primarily provides management services to publicly traded REITs and real
estate operating companies. As of June 30, 2018, The RMR Group LLC had
approximately $30.0 billion of total assets under management, including
more than 1,700 properties and employed almost 600 real estate
professionals in more than 35 offices throughout the United States; the
companies managed by The RMR Group LLC collectively had over 52,000
employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
WARNING REGARDING FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS FORWARD LOOKING STATEMENTS WITHIN THE
MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND
OTHER SECURITIES LAWS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON
RMR’S PRESENT BELIEFS AND EXPECTATIONS, BUT THESE STATEMENTS AND THE
IMPLICATIONS OF THESE STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT
OCCUR FOR VARIOUS REASONS, SOME OF WHICH ARE BEYOND RMR’S CONTROL. FOR
EXAMPLE, THIS PRESS RELEASE STATES THAT RMR’S QUARTERLY DIVIDEND WILL BE
$0.35 PER SHARE ($1.40/SHARE PER YEAR) ON RMR CLASS A COMMON STOCK AND
CLASS B-1 COMMON STOCK. A POSSIBLE IMPLICATION OF THIS STATEMENT IS THAT
RMR WILL CONTINUOUSLY PAY QUARTERLY DIVIDENDS OF $0.35/SHARE PER QUARTER
OR $1.40/SHARE PER YEAR IN THE FUTURE. RMR’S DIVIDEND RATES ARE SET AND
RESET FROM TIME TO TIME BY RMR’S BOARD OF DIRECTORS. THE RMR BOARD OF
DIRECTORS CONSIDERS MANY FACTORS WHEN SETTING DIVIDEND RATES INCLUDING
RMR’S CURRENT AND EXPECTED EARNINGS AS WELL AS THE AVAILABILITY OF CASH
TO FUND DIVIDENDS AS COMPARED TO ALTERNATIVE USES OF SUCH CASH.
ACCORDINGLY, FUTURE DIVIDEND RATES MAY BE INCREASED OR DECREASED AND
THERE IS NO ASSURANCE AS TO THE RATE AT WHICH FUTURE DIVIDENDS WILL BE
DECLARED AND PAID. FOR THESE REASONS, AMONG OTHERS, INVESTORS ARE
CAUTIONED NOT TO PLACE UNDUE RELIANCE UPON ANY FORWARD LOOKING
STATEMENTS IN THIS PRESS RELEASE. EXCEPT AS REQUIRED BY LAW, RMR DOES
NOT INTEND TO UPDATE OR CHANGE ANY FORWARD LOOKING STATEMENTS AS A
RESULT OF NEW INFORMATION, FUTURE EVENTS, OR OTHERWISE.
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The RMR Group Inc.
Timothy A. Bonang, 617-796-8230
Senior Vice
President
Source: The RMR Group Inc.