TORONTO, Aug. 9 /CNW/ - Saxon Financial Inc. (TSX:SFI) announced today that its Board of Directors has approved a quarterly dividend of $0.23 per common share, an increase of $0.02 or 9.5% from the previous rate of $0.21 per common share. The dividend is payable on August 28, 2007 to shareholders of record on August 20, 2007.
This is the third increase in the quarterly dividend since Saxon became a public company two years ago. On an annualized basis, the dividend has increased 28% to $0.92 per share compared to $0.72 a year ago.
Please visit Saxon's website at www.saxonfinancial.ca for more investor information.
About Saxon Financial Inc.:
Saxon Financial Inc. is one of Canada's most respected value style investment management firms. The Company has three principal lines of business: Saxon Funds Management Limited, which manages a family of high-performing, low-fee mutual funds; Howson Tattersall Investment Counsel Limited, an institutional asset management business; and Howson Tattersall Private Asset Management Inc., a private client asset management business.