Resource America, Inc.
1521 Locust St. - 5th Floor
Philadelphia, PA 19102
(215) 546-5388 (facsimile)
Resource America, Inc. Authorizes Payment Of Cash Dividend
Philadelphia, PA - August 1, 2022 - Resource America, Inc. (Nasdaq-REXI)(the "Company") announces that its Board of Directors has authorized the payment on August 31, 2022 of a quarterly cash dividend in the amount of three and one-third cents per share on the Company's common stock to all holders of record at the close of business on August 17, 2001.
This dividend payment will mark the 25th consecutive quarter that the Company has paid a cash dividend to its stockholders.
The Company currently has approximately 17.5 million shares of common stock outstanding.
Resource America, Inc. operates businesses in energy and real estate finance.
Statements made in this release include forward-looking statements, which involve substantial risks and uncertainties. The Company's actual results, performance or achievements could differ materially from those expressed or implied in this release as a result of certain factors, including competition within the energy industry, climactic conditions and the price of gas in the Appalachian area, actual versus projected drilling activity and the volumetric production from the wells, and the cost of supplies and services in the energy industry.