Sanders Morris Harris Group Announces Quarterly Dividend Of $0.05 Per Share

Sanders Morris Harris Group Inc. SMHG today announced that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.05 per share of common stock. The dividend will be payable on April 18, 2011 to common shareholders of record at the close of business on April 4, 2011. While Sanders Morris Harris Group intends to declare dividends in subsequent quarters, any future dividends will be at the discretion of the Board of Directors after taking into account various factors, including general economic and business conditions, tax considerations, its strategic plans, its financial results and condition, its expansion plans, any contractual, legal or regulatory restrictions on the payment of dividends, and such other factors the Board considers relevant.