Brooke (AMEX:BXX)
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Brooke Corporation Increases Regular Quarterly Dividend
OVERLAND PARK, Kan., Jan. 31 /PRNewswire-FirstCall/ -- Brooke Corporation
(AMEX:BXX) announced that its Board of Directors has declared a $.16 per share
quarterly cash dividend on the company's common stock. Robert Orr, Chief
Executive Officer of Brooke, noted that this dividend is payable on February
23, 2005, to the shareholders of record as of February 8, 2005. Orr also noted
that the dividend represents an increase from the $.10 per share regular
dividend paid to shareholders during each of the last four quarters. Orr stated
that this increase in the regular dividend rate reflects the Company's
performance for its first three quarters of fiscal year 2004, the board's
continued confidence in Brooke Corporation's long-term growth, and the
continuation of the Board's dividend plan announced a year ago to pay an
increasing share of the Company's earnings as dividends on common stock. He
reiterated his statement from a year ago that the Company's plans do not
include maximizing short-term earnings to support increased dividend payouts,
noting that the Company's plan continues to involve a balancing of short-term
and long-term profitability goals.
Brooke Corporation expects to announce its fourth quarter and fiscal year 2004
consolidated financial results in March 2005.
About our company ... Brooke Corporation (AMEX:BXX) 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 approximately 370 franchise locations. The Brooke organization was founded
on the belief that local business owners distribute insurance and financial
services more efficiently than others if supported by a franchise system.
Brooke Credit Corporation is a subsidiary that originates loans to insurance
agencies, financial services practices, funeral homes and other local
businesses, including Brooke franchises. Loan portfolio balances totaled over
$183,000,000 on December 31, 2004, and have been mostly sold as individual
loans to participating lenders or as pooled loans to investors through asset
backed securitizations. Brooke Brokerage Corporation is a subsidiary holding
company with subsidiaries that sell insurance on a wholesale basis primarily
through locally owned insurance agencies, including Brooke franchises. Through
Bermuda based subsidiaries, underwriting risks are shared with insurance
companies on selected policies.
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 goals, the uncertainty that the Company will continue
its plan to increase dividend payouts, uncertainties associated with market
acceptance of and demand for the Company's products and services, impact of
competitive products and pricing, dependence on third party suppliers and their
pricing, ability to meet product demand, exposure to market risks,
uncertainties associated with the development of technology, changes in the law
and in economic, political and regulatory environments, the dependence on
intellectual property rights, and the effectiveness of internal controls.
Investors are directed to the Company's most recent annual and quarterly
reports, which are available from the Company without charge or at
http://www.sec.gov/ , for a more complete description of the Company's
business.
DATASOURCE: Brooke Corporation
CONTACT: Anita Larson of Brooke Corporation, or
+1-913-661-0123
Web site: http://www.brookecorp.com/