Business
Saxon Financial announces dividend increase 28% increase year over year
Saxon Financial announces dividend increase 28% increase year over year.
About this update from Solution Financial Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Aug. 9 /CNW/ - Saxon Financial Inc. (TSX:SFI) announced today\nthat its Board of Directors has approved a quarterly dividend of $0.23 per\ncommon share, an increase of $0.02 or 9.5% from the previous rate of $0.21 per\ncommon share. The dividend is payable on August 28, 2007 to shareholders of\nrecord on August 20, 2007.\n\n\nThis is the third increase in the quarterly dividend since Saxon became a\npublic company two years ago. On an annualized basis, the dividend has\nincreased 28% to $0.92 per share compared to $0.72 a year ago.\n\n\nPlease visit Saxon's website at www.saxonfinancial.ca for more investor\ninformation.\n\n\nAbout Saxon Financial Inc.:\n\n\nSaxon Financial Inc. is one of Canada's most respected value style\ninvestment management firms. The Company has three principal lines of\nbusiness: Saxon Funds Management Limited, which manages a family of\nhigh-performing, low-fee mutual funds; Howson Tattersall Investment Counsel\nLimited, an institutional asset management business; and Howson Tattersall\nPrivate Asset Management Inc., a private client asset management business.\n\n\n","length":1172,"tagName":"div"}]