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 Cash Dividend
| Source: Resource America, Inc.
PHILADELPHIA, PA -- (MARKET WIRE) -- May 3, 2007 -- Resource America, Inc. (NASDAQ : REXI ) (the
"Company") announces that its Board of Directors has authorized the payment
of a cash dividend on May 31, 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
May 17, 2007. Last quarter, the Company authorized an increase in its cash
dividend to $0.07 per share from its former quarterly cash dividend of
$0.06 per share, which represented an increase of 17%.
The Company has issued a cash dividend for forty-eight consecutive
quarters. Currently the Company has approximately 17.6 million shares of
common stock outstanding.
Resource America 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 sectors. 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 10Q, reports on Form 8-K and annual reports on Form 10-K.