 DAYTONA BEACH, Fla., Oct. 28, 2020 GLOBE NEWSWIRE -- CTO Realty Growth, Inc. NYSE American: CTO the Company or CTO announced today that its Board of Directors has authorized, and the Company has declared, an increase in the Companys quarterly cash dividend to 1.00 per share of common stock for the fourth quarter of 2020 from its previous quarterly cash dividend of 0.40 per share of common stock. The dividend is payable on November 30, 2020 to shareholders of record as of the close of business on November 16, 2020. The 2020 fourth quarter cash dividend represents a 150 increase over the Companys previous quarterly dividend and an annualized yield of approximately 9.5 based on the closing price of the common stock on October 27, 2020. 