Brooke (AMEX:BXX)
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Brooke Corporation Declares Quarterly Cash Dividend
OVERLAND PARK, Kan., April 29 /PRNewswire-FirstCall/ -- Brooke Corporation
(AMEX:BXX) announced that its Board of Directors has declared a $.16 quarterly
cash dividend on the company's common stock. Robert Orr, Chief Executive
Officer of Brooke, noted that this dividend will be paid on May 27, 2005, to
the shareholders of record as of the close of business on May 13, 2005, with an
ex-dividend date of May 11, 2005. Based on the April 28, 2005, closing stock
price of $15.85 per share, the estimated annual yield is over 4% when
calculated using the current quarterly dividend rate.
About our company ... Brooke Corporation is listed on the American Stock
Exchange under the symbol of BXX. Brooke Corporation is a holding company with
three primary subsidiaries. Brooke Franchise Corporation is a subsidiary that
distributes insurance and financial services through a network of over 400
franchise locations as of March 31, 2005. Brooke Credit Corporation is a
subsidiary that originates loans to insurance agencies, financial services
practices, funeral homes and other local businesses, including Brooke
franchises. Brooke Brokerage Corporation is a subsidiary holding company that
sells hard to place and niche insurance on a wholesale basis through locally
owned insurance agencies, including Brooke franchises.
Email Distribution .... If you would like to receive electronic press release
information then please visit the "Investor Relations" section of our website
at http://www.brookecorp.com/ and subscribe to our "Email Alerts" on- line.
This press release may contain forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and uncertainties,
and several factors could cause actual results to differ materially from those
in the forward-looking statements. The following factors, among others, could
cause actual results to differ from those indicated in the forward-looking
statements: the uncertainty that the Company will achieve its short-term and
long-term profitability and growth goals, uncertainties associated with market
acceptance of and demand for the Company's products and services, the impact of
competitive products and pricing, the dependence on third party suppliers and
their pricing, its ability to meet product demand, the availability of funding
sources, the exposure to market risks, uncertainties associated with the
development of technology, changes in the law and in economic, political and
regulatory environments, changes in management, the dependence on intellectual
property rights, and the effectiveness of internal controls. Investors are
directed to Brooke Corporation's most recent annual and quarterly reports,
which are available from Brooke Corporation without charge or at
http://www.sec.gov/ , for a more complete description of Brooke's business.
DATASOURCE: Brooke Corporation
CONTACT: Anita Larson of Brooke Corporation, +1-913-661-0123,
Web site: http://www.brookecorp.com/