Nicholas Financial to Pay 12 Cent Dividend

Perhaps I misinterpreted this, but I was under the assumption that Nicholas Financial‘s ($NICK) monster dividend was in place of its dividends for 2013. Apparently not. NICK announced another 12 cent quarterly dividend today. The dividend will be paid on March 29th to shareholders of record as of March 22nd.

Peter L. Vosotas, Chairman and CEO noted, “Our capital position and continued confidence in our earnings capability played a large part in the Board of Director’s decision to declare a cash dividend.” Subject to market conditions and profitability targets, the Company anticipates it will continue to declare quarterly cash dividends in the future, however no assurances can be given.

The stock rose to $13.25 today. That’s a yield of 3.62%.

Posted by on February 19th, 2013 at 8:05 pm

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