Brooke Corporation Announces Another Dividend Increase

September 22, 2003

Robert D. Orr, chairman and CEO, announced that Overland Park, Kan.-based Brooke Corporation’s board of directors declared a $.10 quarterly cash dividend on the company’s common stock. Orr noted that this dividend will be paid on Oct. 6, 2003 to the shareholders of record as of Sept. 29, 2003 with an ex-dividend date of Sept. 25, 2003.

In making the announcement, Orr stated, “On a split adjusted basis, the dividends declared so far in 2003 total $.20-1/2 per share as compared with dividends of $.04-1/2 paid during the same period in 2002. This 355 percent increase in dividends is directly related to our company’s increase in profits. Based on the Sept. 18, 2003 closing stock price of $8.60 per share, the estimated yield calculated on current quarter is 4.65 percent.”

Was this article valuable?

Here are more articles you may enjoy.