EDMONTON, Dec. 11, 2012 /CNW/ - Carfinco Financial Group Inc. ("Carfinco" or the "Company") announces a regular cash dividend for the month of December and a special cash dividend to its Shareholders.
A regular cash dividend of 4 cents per share and a special cash dividend of 5 cents per share have been declared for December 2012, with a payable date of December 31, 2012, to Shareholders of record on December 20, 2012. The ex-dividend date is December 18, 2012.
"The 9 cent dividend in December takes the total cash dividends during 2012 to 47 cents per share versus 36 cents in 2011," stated Tracy Graf, CEO of the Company. "The 11 cent increase in total dividends paid reflects the continued positive financial performance of the Company."
About Carfinco Financial Group Inc.
Carfinco focuses on providing consumer vehicle loans to borrowers unable to obtain financing through traditional lending sources. A network of select independent and franchise dealerships offer Carfinco's payment plan to their customers who must, along with the vehicle, meet Carfinco's underwriting guidelines. The shares of the Company trade on The Toronto Stock Exchange under the symbol "CFN".
Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements.
SOURCE: Carfinco Financial Group Inc.
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