At its regular Board of Directors’ meeting on October 26, 2011, Consolidated-Tomoka Land Co. (NYSE Amex:CTO) declared a semi-annual dividend of $0.02 per share payable on November 28, 2011, to shareholders of record on November 10, 2011. The Board continues to review its dividend strategy and capital needs on a regular basis.Consolidated-Tomoka Land Co. is a Florida-based company primarily engaged in converting Company owned agricultural lands into a portfolio of net lease income properties strategically located in the Southeast, through the efficient utilization of 1031 tax-deferred exchanges. The Company has low long-term debt and generates over $9 million annually before tax cash flow from its real estate portfolio. The Company also engages in selective self-development of targeted income properties. The Company’s adopted strategy is designed to provide the financial strength and cash flow to weather difficult real estate cycles. Visit our website at www.ctlc.com.
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