Marlin Business Services (MRLN) Declares $2.00 Special Dividend; 14.2% Yield

Marlin Business Services (NASDAQ: MRLN) declared a special dividend of $2.00 per share.

The dividend will be payable on October 5, 2015, to stockholders of record on September 24, 2015.

The annual yield on the dividend is 14.2 percent.

"Marlin's strong balance sheet and earnings capacity has put the Company in a position to return excess capital to our shareholders. Along with the Company's regular quarterly dividend and stock repurchase program, this special dividend further demonstrates our commitment to prudently manage capital and total shareholder return," said Daniel P. Dyer, Marlin's co-founder and Chief Executive Officer.

"The Company maintains a strong capital position and payment of the special dividend will not change that in any way, nor will it be an obstacle to our strategic growth plans," said W. Taylor Kamp, Marlin's Chief Financial Officer. "The payment of additional cash dividends, coupled with our continued execution on the $15 million stock repurchase program authorized by the Board in July 2014, strongly reflect the Company's commitment to our shareholders and the Board's confidence in the Company's business strategy," said Mr. Kamp.

For a dividend history and other dividend-related data on Marlin Business Services (MRLN) click here.

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