Asta Funding, Inc. (ASFI) Declares $5.30 Special Dividend; 74.1% Yield
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Asta Funding, Inc. Announces $5.30 Per Share Special Cash Dividend
February 5, 2018 4:45 PM ESTENGLEWOOD CLIFFS, N.J., Feb. 05, 2018 (GLOBE NEWSWIRE) -- Asta Funding, Inc. (NASDAQ: ASFI) (Asta or the Company) today announced that its Board of Directors passed a resolution declaring a special cash dividend of $5.30 per common share, payable on February 28, 2018, to stockholders of record as of February 16, 2018. The aggregate payment will be approximately $35 million.
Asta last paid a cash dividend in 2012. Â In the period since then, the Board of Directors elected to retain cash reserves in the Company in order to finance the Companys operations and... More
