Douglas Elliman’s net income plummeted last quarter and its parent company plans to cut back on payouts to investors. Vector Group will halve its quarterly cash dividend to $0.20 per share starting in the first quarter of 2020 and will no longer pay an annual dividend, CEO Howard Lorber announced Tuesday. He confirmed that investors would receive a dividend of $0.40 per share for the third quarter. “The reduced dividend will strengthen the company’s balance
source https://therealdeal.com/2019/11/06/vector-slashes-dividends-as-ellimans-net-income-drops-over-80/
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