DMONTON — The Cash Store Financial Services Inc. (TSX:CSF) is increasing its quarterly dividend by 54 per cent to 10 cents a share, the broker of short-term loans announced Monday.
Cash Store said the dividend will be payable Nov. 26 to shareholders of record on Nov. 11, 2009.
For the year ended June 30, 2009, the company made dividend payments totalling $5.3 million compared with $3.6 million in the prior year, a 47 per cent increase.
The Edmonton-headquartered firm has more than 450 branches across Canada under the banners The Cash Store and Instaloans.
They act as brokers for short-term advances and other financial services to income-earning consumers who may not be able to obtain them from traditional banks.
Cash Store Financial shares were down seven cents at $10.07 in trading Wednesday.