Contact Information: Contact: Marketing and Investor Relations Resource America, Inc. pkamdar@resourceamerica.com
Resource America, Inc. Authorizes Payment of Quarterly Cash Dividend
| Source: Resource America, Inc.
PHILADELPHIA, PA--(Marketwire - May 2, 2008) - Resource America, Inc. (NASDAQ : REXI ) (the
"Company") announces that its Board of Directors has authorized the payment
of a cash dividend on May 30, 2008 in the amount of $0.07 per share of the
Company's common stock to all holders of record at the close of business on
May 16, 2008. The Company has issued a cash dividend for fifty-two
consecutive quarters.
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
commercial finance, real estate and financial fund management sectors. For
more information please visit our website at www.resourceamerica.com or
contact Marketing and Investor Relations at pkamdar@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 10-Q, reports on Form 8-K and annual reports on Form 10-K.