Business Services Industry
Delta Financial Corporation Declares Quarterly Dividend
Business Wire, Nov 22, 2004
WOODBURY, N.Y. -- Delta Financial Corporation (Amex: DFC) announced today that its Board of Directors has approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on January 6, 2005 to stockholders of record at the close of business on December 21, 2004.
E[acute accent]About Delta Financial
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E[acute accent]Founded in 1982, Delta Financial Corporation is a Woodbury, New York-based specialty consumer finance company that originates, securitizes and sells non-conforming residential mortgage loans. Delta's loans are primarily secured by first mortgages on one-to-four family properties. Delta originates non-conforming loans primarily in 26 states. Loans are originated through a network of approximately 1,700 independent brokers and the Company's retail offices. Since 1991, Delta has completed 41 asset-backed securitizations, collateralized by approximately $11.0 billion in mortgage loans.
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