White River Capital (RVR) Declares $0.25 Qtr. Dividend; Reauthorizes 500K Share Buyback

November 11, 2009 9:08 AM EST

White River Capital, Inc. (NYSE Amex: RVR) announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per share on its common stock to be paid December 4, 2009 to shareholders of record on November 20, 2009.

In addition, the Board of Directors reauthorized White River's previously announced share repurchase program. White River is now authorized to repurchase up to 500,000 shares of its outstanding common stock, from time to time and subject to market conditions, on the open market or in privately negotiated transactions. Under the repurchase program authorized in October 2008, White River was authorized to repurchase up to 150,000 shares of common stock. White River made no repurchases under the earlier authorization.


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