×

BRIEF-Carfinco increases cash dividend by 14.3%

Oct 9 (Reuters) - Carfinco Financial Group Inc :

* Increases cash dividend by 14.3%

* Cash dividend of 4 cents per share declared for October, an increase of 14.3% from september's cash dividend

Carfinco Financial Group Inc. announces that a cash dividend of 4.0 cents per share has been declared for October 2012, an increase of 14.3% from September's cash dividend of 3.5 cents per share. The payable date is October 31, 2012, the record date is October 19, 2012, and the ex-distribution date is October 17, 2012.

"As management continues to execute its objective of 20% annual growth in the finance receivables portfolio, we have had the opportunity of enhancing shareholder value through a consistent dividend payment," said Tracy Graf, CEO of the Fund. "The dividend increase - the fourth since the beginning of 2011 - not only reflects the strength of our financial results, but the confidence we have in achieving our goals."

* Further company coverage

((Bangalore Newsroom; +1 646 223 8780))