Realogy Holdings Board Approves Share Buyback, Declares Dividend

(RTTNews) - While reporting its fourth-quarter financial results on Tuesday, Realogy Holdings Corp. (RLGY), a provider of residential real estate services, said its Board of Directors has authorized a new share repurchase program for up to $175 million of the company's common stock. This is in addition to the $29 million remaining under the share repurchase authorization announced in February 2018.

The company noted that the repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time.

On February 25, 2019, Realogy's board of directors declared a quarterly cash dividend of $0.09 per share of the company's common stock. This dividend payment will be made on March 25, 2019 to shareholders of record as of the close of business on March 11, 2019.