Bluegreen Vacations Corporation (BXG) will raise its quarterly dividend by 13.3 percent to 17 cents per share in 2019. Last year the company initiated a quarterly dividend.

The next dividend is payable February 15, 2019 to shareholders of record as of the close of trading on January 31, 2019. The new annualized dividend rate of 68 cents per share yields 5.1% at a stock price of $13.53.

Bluegreen Vacations Corporation is a vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points-based, deeded vacation ownership plan. Bluegreen Vacations also offers a portfolio of comprehensive, fee-based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (BBX), a diversified holding company.