BENSALEM, Pa., Oct. 11 /PRNewswire-FirstCall/ -- Orleans Homebuilders, Inc. (AMEX:OHB) announced that its Board of Directors has declared a quarterly cash dividend of $0.02 per share on the Company's outstanding common stock. The cash dividend will be payable October 31, 2007 to shareholders of record at the close of business on October 22, 2007.

About Orleans Homebuilders

Orleans Homebuilders, Inc. (AMEX:OHB) develops, builds and markets high- quality single-family homes, townhomes and condominiums. The Company serves a broad customer base including luxury, move-up, empty nester and active adult, as well as first time homebuyers. The Company currently operates in the following fourteen distinct markets: Southeastern Pennsylvania; Central New Jersey; Southern New Jersey; Charlotte, Raleigh and Greensboro, North Carolina; Richmond and Tidewater, Virginia; Orlando and Palm Coast, Florida; Chicago, Illinois; Orange County, New York; and Phoenix, Arizona. The Company's Charlotte, North Carolina operations also include adjacent counties in South Carolina.

To learn more about Orleans Homebuilders, please visit http://www.orleanshomes.com.

Source: Orleans Homebuilders, Inc.