EDMONTON, Nov. 16, 2011 /CNW/ - The Cash Store Financial Services Inc.
(CashStore Financial) (TSX: CSF; NYSE: CSFS) today declared a quarterly
dividend of CAD $0.12 per common share. The dividend is payable on
December 14, 2011, to shareholders of record on November 29, 2011.
For the three months ended September 30, 2011, Cash Store Financial made
dividend payments totalling CAD $2.1 million. For the year ended
September 30, 2011, Cash Store Financial made dividend payments
totalling CAD $7.9 million. For the fifteen months ended September 30,
2010, Cash Store Financial made dividend payments totalling CAD $9.1
million. In fiscal 2009, Cash Store Financial paid a total of CAD $5.3
million in dividends.
About Cash Store Financial
Cash Store Financial is the only broker and lender of short‐term
advances and provider of other financial services in Canada that is
listed on the Toronto Stock Exchange (TSX: CSF). Cash Store Financial
also trades on the New York Stock Exchange (NYSE: CSFS). Cash Store
Financial operates more than 574 branches across Canada under the
banners "Cash Store Financial" and "Instaloans". Cash Store Financial
also operates 17 branches in the United Kingdom.
Cash Store Financial and Instaloans primarily act as brokers and lenders
to facilitate short-term advances and provide other financial services
to income-earning consumers who may not be able to obtain them from
traditional banks. Cash Store Financial also provides a private-label
debit card (the Freedom card) and a prepaid credit card (the Freedom
MasterCard) as well as other financial services, including bank
Cash Store Financial employs approximately 2,300 associates and is
headquartered in Edmonton, Alberta.
Cash Store Financial is a Canadian corporation that is not affiliated
with Cottonwood Financial Ltd. or the outlets Cottonwood Financial
Ltd. operates in the United States under the name "Cash Store." Cash
Store Financial does not do business under the name "Cash Store" in the
United States and does not own or provide any consumer lending services
in the United States.
This News Release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning United States federal
securities legislation, which we refer to herein, collectively, as
"forward-looking information. Forward-looking information includes, but
is not limited to, information with respect to our objectives,
strategies, operations and financial results, competition as well as
initiatives to grow revenue or reduce retention payments. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "expects", or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "does not anticipate", or
"believes" or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might", or
"will be taken", "occur", or "be achieved". In particular this News
Release contains forward-looking information in connection with the
Cash Store Financial's goals and strategic priorities, introduction of
products, share repurchase initiatives and branch openings.
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Cash Store Financial,
to be materially different from those expressed or implied by such
forward-looking information, including, but not limited to, changes in
economic and political conditions, legislative or regulatory
developments, technological developments, third-party arrangements,
competition, litigation, risks associated with but not limited to,
market conditions, and other factors described under the heading "Risk
Factors" in our Annual Information Form, which is on file with Canadian
provincial securities regulatory authorities, and in our Annual Report
on Form 40-F filed with the U.S. Securities and Exchange Commission.
All material assumptions used in making forward-looking information are
based on management's knowledge of current business conditions and
expectations of future business conditions and trends, including our
knowledge of the current credit, interest rate and liquidity conditions
affecting us and the general economic conditions in Canada, the United
Kingdom and elsewhere. Although we believe the assumptions used to
make such statements are reasonable at this time and have attempted to
identify in our continuous disclosure documents important factors that
could cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. Certain
material factors or assumptions are applied by us in making
forward-looking information, include without limitation, factors and
assumptions regarding our continued ability to fund our payday
loan business, rates of customer defaults, relationships with, and
payments to, third party lenders, demand for our products, as well as
our operating cost structure and current consumer protection
regulations. There can be no assurance that such information will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information.
We do not undertake to update any forward-looking information, except
in accordance with applicable securities laws.
SOURCE The Cash Store Financial Services Inc.
For further information:
Gordon J. Reykdal, Chairman and Chief Executive Officer, (780) 408-5118; or, Nancy Bland, Chief Financial Officer, (780) 732-5683