Brookfield Real Estate Services Inc. Declares Monthly Dividend
17 Apr, 2015, 16:05 ET
TORONTO, April 17, 2015 /CNW/ -Brookfield Real Estate Services Inc. (TSX: BRE) today declared a dividend of $0.10 per share for the month of April 2015, payable on May 29, 2015, to shareholders of record on April 30, 2015.
Brookfield Real Estate Services Inc. (TSX: BRE) is a leading provider of services to residential real estate brokers and a network of 15,377 REALTORS®1, as at December 31, 2014. It generates cash flow from fixed and variable fees derived from real estate brokers and agents operating in Canada under the Royal LePage, Via Capitale and Johnston & Daniel brands. Approximately 71 per cent of company revenue is based on fees that are fixed in nature, providing revenue stability and helping insulate cash flows from market fluctuations. The recurring fixed revenue structure combined with strong brands and a successful growth strategy position it to continue generating stable, long-term cash flows and paying monthly dividends to shareholders. For further information, please visit www.brookfieldresinc.com.
1 REALTOR® is a trademark identifying real estate licensees in Canada who are members of the Canadian Real Estate Association.
SOURCE Brookfield Real Estate Services Inc.
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