Contact Information: Contact: Pamela Schreiber Investor Relations Resource America, Inc. 1845 Walnut Street, Suite 1000 Philadelphia, PA 19103 (215) 546-5005 (215) 546-5388 (facsimile)
Resource America, Inc. Authorizes Payment of Cash Dividend
| Source: Resource America, Inc.
PHILADELPHIA, PA -- (MARKET WIRE) -- November 2, 2006 -- Resource America, Inc. (NASDAQ : REXI )
(the "Company") announces that its Board of Directors has authorized the
payment of a cash dividend on November 30, 2006 in the amount of six cents
per share of the Company's common stock to all holders of record at the
close of business on November 16, 2006.
The Company has issued a cash dividend for forty-six consecutive quarters.
Currently, the Company has approximately 17.3 million shares of common
stock outstanding.
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 services, real estate and equipment leasing 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 10Q, reports on Form 8-K and annual reports on Form 10-K.