Investment bank FBR & Co. (FBRC) said late Friday its board of directors has declared a special cash dividend of $7.61 per common share. That special dividend is in connection with FBR's merger with B. Riley Financial Inc. (RILY), , and it is contingent upon the closing of the merger. The dividend is payable June 1 to shareholders of record May 30. Shares of FBR were flat in after-hours trading after ending the regular session down 0.6%.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com



(END) Dow Jones Newswires

~ Wednesday! $FBRC ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!

~ $FBRC ~ Earnings expected on Wednesday *
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One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








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*If the earnings date is in error please ignore error. I do my best.

FBR & Co., formerly FBR Capital Markets Corporation, is a full-service investment banking, institutional brokerage and asset management company. In addition, it makes principal investments, including merchant banking investments. The Company’s subsidiaries are FBR Capital Markets & Co. (FBR & Co.), FBR Capital Markets International, Ltd. (FBRIL), Financial Services Authority (FSA), and FBR Fund Advisers, Inc. (FBR Fund Advisers). Its segments include capital markets, which include investment banking and institutional brokerage and research; asset management, and principal investing, which includes merchant banking.

http://www.google.com/finance?q=FBRC