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Bluegreen Vacations reinstates dividend

Bluegreen Vacations Corporation (BVH) will reinstate its quarterly dividend in 2022 at 15 cents per share. The dividend was suspended by the vacation ownership company in 2020 because of the COVID-19 pandemic. 

Bluegreen Vacations Holding Corporation has declared a cash dividend of $0.15 per share on its Class A and Class B Common Stock, payable on May 16, 2022, to all shareholders of record at the close of trading on May 2, 2022. The Company also indicated that it intends to continue to declare regular dividends of $0.15 per quarter per share (an annual dividend of $0.60) on its Common Stock in the future. The dividend yields 2.2% a a stock price of $28.

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.