TORONTO, Dec. 10, 2015 /CNW/ - Brookfield Real Estate Services Inc. (the "Company") (TSX: BRE), a leading provider of services to residential real estate brokers and their REALTORS®1 today announced that the Board of Directors has increased the Company's targeted annual cash dividend per restricted voting share to $1.30 per annum ($0.1083 monthly) from $1.25 per annum ($0.1042 monthly), an increase of 4 per cent. The increase will commence for the January monthly dividend.
"The company has produced two very strong years, significantly expanding our network of highly capable real estate professionals. This, together with healthy markets in most regions, has contributed to our solid financial performance in 2015," said Phil Soper, president and chief executive officer, Brookfield Real Estate Services Inc. "I am delighted to announce that the Board of Directors has approved a second increase in our dividend this year."
The monthly cash dividend of $0.1083 per restricted voting share will be payable on January 29, 2016, to shareholders of record on December 31, 2015.
ABOUT BROOKFIELD REAL ESTATE SERVICES
Brookfield Real Estate Services Inc. is a leading provider of services to residential real estate brokers and a network of more than 16,000 REALTORS®. The Company operates in Canada under the Royal LePage, Via Capitale and Johnston & Daniel brands. Further information is available at www.brookfieldresinc.com
Brookfield Real Estate Services is an affiliate of Brookfield Asset Management, a leading global alternative asset manager with over $200 billion of assets under management. For more information, go to www.Brookfield.com
1 REALTORS® is a trademark identifying real estate licensees in Canada who are members of the Canadian Real Estate Association.
SOURCE Brookfield Real Estate Services Inc.
For further information: Ray McIlroy, Manager, Public Relations & Communications, Brookfield Real Estate Services, email@example.com, Tel: 647.981.6845