FREDERIKSTED, U.S. Virgin Islands, Sept. 9, 2013 (GLOBE NEWSWIRE) -- Altisource Residential Corporation ("Residential") (NYSE:RESI) announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. This quarterly dividend is intended to partially satisfy the requirement that a REIT must distribute at least 90% of its annual REIT taxable income to its stockholders. This distribution primarily reflects earnings from the deployment of Residential's $100 million initial capital contribution and the proceeds from its repurchase facility. Residential will pay this quarterly dividend on September 30, 2013 to all stockholders of record as of the close of business on September 19, 2013.
CONTACT: Kenneth D. Najour Chief Financial Officer T: 561-682-8947 E: Kenneth.Najour@AltisourceAMC.com