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Non-Tech : Asta Funding, Inc. (ASFI) -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (15)12/13/2005 9:10:08 AM
From: JakeStraw  Respond to of 46
 
Asta Funding Announces 14% Increase in Cash Dividend
biz.yahoo.com

Tuesday December 13, 8:31 am ET

ENGLEWOOD CLIFFS, N.J., Dec. 13 /PRNewswire-FirstCall/ -- Asta Funding, Inc., (Nasdaq: ASFI), a leading consumer receivables asset management and liquidation company, today announced that its board of directors has unanimously approved an increase in its regular quarterly cash dividend by 14% to $0.04 per share. Asta Funding has paid a dividend every quarter since the commencement of the program in September of 2003. The increase in the dividend will be effective with the Company's next regularly quarterly dividend.

Gary Stern, Chief Executive Officer, said, "On behalf of the board of directors of Asta, it is my pleasure to announce another increase in the quarterly dividend. The increase reflects the company's growing earnings, positive outlook and strong cash flow."