Delta Financial Corporation (Amex: DFC) today announced that its Board of Directors approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on April 6, 2007 to stockholders of record at the close of business on March 29, 2007.
About Delta Financial
Founded in 1982, Delta Financial Corporation is a Woodbury, New York-based specialty consumer finance company that originates, securitizes and sells non-conforming mortgage loans. The Company’s loans are primarily fixed rate and secured by first mortgages on one- to four-family residential properties. The Company originates non-conforming loans through a network of approximately 3,200 independent brokers and the Company’s retail offices. Since 1991, Delta has completed 50 asset-backed securitizations, collateralized by approximately $18.0 billion in mortgage loans.