Realogy Board Authorizes Share Repurchase Program - Quick Facts

(RTTNews) - Realogy Holdings Corp. (RLGY) announced its Board has authorized a new share repurchase program of up to $300 million of the company's common stock. This is in addition to the $61 million remaining under the current $275 million share repurchase authorization announced in February 2016.

On February 23, 2017, the Board of Realogy declared a quarterly cash dividend of $0.09 per share of the company's common stock. This dividend payment will be made on March 23, 2017 to shareholders of record as of the close of business on March 9, 2017.

Realogy said it continued to execute on its business optimization program, improving the efficiency and effectiveness of the cost structure of each of the company's business units. The company realized approximately $33 million in actual savings in 2016 and is well positioned to reach its annualized run-rate savings target of approximately $70 million.