Regency Affiliates Approves Sustainable Dividend Growth Plan

Regency Affiliates Announces Quarterly Dividend Increase

Regency Affiliates, Inc. (OTC Pink: RAFI) has recently revealed its decision to pay a quarterly dividend of 7.8 cents per common share. This marked an increase from previous payments, showcasing the company’s robust financial performance and commitment to returning value to shareholders.

Details of the Dividend Payment

The quarterly dividend of 7.8 cents signifies a 4% increase compared to the last dividend paid earlier. Shareholders of record will benefit from this dividend, which is scheduled for distribution on an upcoming date, allowing for efficient financial planning.

Management Insights on Financial Performance

Laurence Levy, the Chairman, CEO, and CFO of Regency, expressed satisfaction with the company’s ability to maintain its dividend level. He emphasized that the company’s portfolio of self-storage assets has significantly contributed to consistent cash flow. The ongoing stability of their operations has allowed Regency to confidently increase the dividend.

Investment in Self-Storage Facilities

Regency has invested heavily in self-storage facilities. The company owns five such facilities in a profitable market, acquired for a total of $35 million. A substantial amount of this was financed through non-recourse debt. This strategic acquisition has proven beneficial, contributing positively to the company’s cash flow and occupancy rates.

Future Prospects and Strategic Goals

In addition to managing its self-storage facilities, Regency is actively exploring further investment opportunities. A recent initiative involved borrowing funds to acquire interests from a minority partner in its self-storage ventures. This flexibility in capital management positions Regency well for future growth.

Evaluating Potential Property Development

Regency is also evaluating its partnership in the Security West Complex, a property that has seen some changes recently. Management is optimistic about future opportunities for this investment, including the potential development of new projects on the site.

Continued Commitment to Shareholder Communication

To assist shareholders in efficiently processing the upcoming dividends, Regency encourages any investor with certificate shares to confirm their registration details with their transfer agent. This commitment to clear and effective communication is part of Regency’s strategy to foster a strong relationship with its investors.

About Regency Affiliates, Inc.

Regency Affiliates is focused on investing in businesses that generate attractive returns. The firm's portfolio includes self-storage facilities and other strategic investments that align with their philosophical approach to growth and sustainability. The company aims to capitalize on opportunities that meet its stringent investment criteria.

Frequently Asked Questions

What is the new dividend rate for Regency Affiliates?

The new quarterly dividend rate is set at 7.8 cents per common share.

How much has the dividend increased compared to previous years?

The dividend has increased by 4% compared to the previous payment from January 2024.

What type of assets does Regency Affiliates invest in?

Regency Affiliates primarily invests in self-storage facilities and properties that generate predictable returns.

What are the company’s plans for future investments?

Regency is exploring further investment opportunities and evaluating potential property developments to enhance its growth strategy.

How can shareholders confirm their registration information?

Shareholders should contact Transfer Online, Inc. to verify their registration details for efficient dividend processing.

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