ILX Announces 16th Consecutive Quarterly Common Stock Cash Dividend
DECEMBER 18, 2006. ILX Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.1175 per share. The dividend has a record date as of the close of business on December 29, 2006 and is payable on January 10, 2007 to shareholders of record. Shareholders electing participation before the payment date may reinvest their dividends in additional shares of common stock through the Dividend Reinvestment Plan originally adopted in March 2003 and amended and restated in March 2006. The annual dividend of $0.47 per share, payable quarterly, was declared on September 22, 2005.
"We are pleased to announce our sixteenth consecutive quarterly dividend. We look forward to continuing to pay dividends in 2007 and to increasing the dividend by 6.4% to $0.50 per share annually, as declared in September 2006," said Joe Martori, Chairman of ILX Resorts.
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