Contact Information: Contact: Pamela Schreiber Investor Relations Resource America, Inc. 1845 Walnut Street, 10th Floor Philadelphia, PA 19103 (215) 546-5005
Resource America, Inc. Authorizes Payment of Quarterly Cash Dividend
| Source: Resource America, Inc.
PHILADELPHIA, PA--(Marketwire - November 1, 2007) - Resource America, Inc. (NASDAQ : REXI )
announces that its Board of Directors has authorized the payment of a cash
dividend on November 30, 2007 in the amount of $0.07 per share of the
Company's common stock to all holders of record at the close of business on
November 16, 2007. The Company has issued a cash dividend for fifty
consecutive quarters.
Resource America, Inc. is a specialized asset management company that uses
industry specific expertise to generate and administer investment
opportunities for its own account and for outside investors in the
financial fund management, real estate and commercial finance industries.
For more information please visit our website at www.resourceamerica.com or
contact Investor Relations at pschreiber@resourceamerica.com.
Certain matters discussed within this press release are forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Although Resource America, Inc. believes the expectations
reflected in such forward-looking statements are based on reasonable
assumptions, it can give no assurance that its expectations will be
attained. Factors that could cause actual results to differ materially from
expectations include financial performance, regulatory changes, changes in
local or national economic conditions and other risks detailed from time to
time in the Company's reports filed with the SEC, including quarterly
reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.