MicroFinancial Incorporated (NASDAQ:MFI) has declared a cash dividend of $0.05 per common share. The dividend is payable on Feburary 15, 2010 to holders of record as of February 1, 2010. The dividend is the same as the previous dividend paid in November 2009.
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All future dividend payments are subject to ongoing evaluation and approval by the company’s Board of Directors on a quarterly basis. The decision of the amount and timing of dividends to be paid by the company will be made by the company’s Board of Directors in light of the company’s financial condition, capital requirements, and growth plans. There is no assurance of the amount and timing of payment for future dividends to be paid.
MicroFinancial Incorporated (MicroFinancial) provides financing alternatives to a range of lessees ranging from start-up businesses to established businesses. The Company operates through its wholly-owned subsidiaries, TimePayment Corp. (TimePayment) and Leasecomm Corporation (Leasecomm). TimePayment is a specialized commercial finance company that leases and rents microticket equipment and provides other financing services. It primarily lease and rent low-priced commercial equipment, which is used by these lessees in their daily operations. The Company operates in leasing and renting of equipment and other financing services.
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