CoreLogic (NYSE: CLGX), a leading global provider of property information, insight, analytics and data-enabled solutions, today announced that its Board of Directors has approved the initiation of a quarterly cash dividend to common shareholders. CoreLogic will pay a cash dividend of $0.22 per share of common stock on January 24, 2020 to shareholders of record on the close of business January 10, 2020.
”The Board’s decision to initiate a dividend, as we enter our tenth year as a public company, demonstrates our long-held commitment to recognize and reward our long-term shareholders through a robust capital return program. Our ability to return significant capital over time is made possible by the consistent delivery of our operating and financial plans which drive sustainable, profitable revenue growth and strong free cash flow generation,” said Paul Folino, Chairman of the Board of CoreLogic.
“Since 2010, CoreLogic’s durable and cash generative business model has allowed us to reinvest in our business, prudently manage our debt levels, and return approximately $1.5 billion of capital to our shareholders through the repurchase of approximately 49 million of our common shares. As we move into 2020, the initiation of a dividend is a logical progression and adds another element to our capital allocation strategy. We believe a dividend will provide predictable ongoing returns and underscores our commitment to deliver long-term value to our shareholders, while continuing to allow for the repurchase of shares on an opportunistic basis,” said Frank Martell, President and Chief Executive Officer of CoreLogic.
CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire, and protect their homes. For more information, please visit www.corelogic.com.