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ILX Resorts Posts Q3 Dividend

PHOENIX-The resort owner will pay a dividend of 10 cents, marking the third consecutive payout. The dividend is payable Oct. 10 to qualified shareholders. The last earnings report reflected income of $1.5 million.

By Dan Heaton | Updated on September 19, 2003

PHOENIX-The owner of six resort properties in Arizona, Phoenix-based ILX Resorts Inc., will pay a quarterly dividend of 10 cents per share, the company said this week. The dividend is payable Oct. 10 to stockholders of record at the close of business Sept. 30.

The company said shareholders electing participation before the payment date may reinvest dividends in additional shares of common stock through a plan adopted March 4. The annual dividend of 40 cents per share, payable quarterly, was declared on Dec. 18, 2002.

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