Bluegreen Vacations hikes dividend by 33.3%

On February 20, 2023, Bluegreen Vacations Corporation (BVH) has declared a new quarterly dividend of $0.20 per share, up a third from the previous quarterly dividend. Bluegreen reinstated its dividend in 2022. The next BVH dividend will be payable on March 20, 2023 to all shareholders of record at the close of trading on March 06, 2023.

The ex-dividend date for the next BVH dividend of 20 cents will be March 3, 2023. The dividend yields 2.5% to shareholders at a stock price of $32.37. The new annual dividend payment for BVH is an estimated $19 million.

Bluegreen Vacations Corporation is a vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (BBX), a diversified holding company.