$4.00 special dividend
White River Capital, Inc. Declares One-Time Special Cash Dividend
RANCHO SANTA FE, Calif., Nov 28, 2011 (BUSINESS WIRE) -- White River Capital, Inc. RVR +0.56% ("White River"), announced that its Board of Directors has declared a one-time special cash dividend of $4.00 per share on its common stock to be paid December 22, 2011 to shareholders of record on December 8, 2011. The aggregate amount of the payment to be made in connection with the special, one-time dividend will be approximately $14.1 million. This one-time special cash dividend will be funded by the excess availability on the line of credit of White River's subsidiary, Coastal Credit LLC.
"White River's declaration of a one-time special cash dividend for a second year reflects our continued commitment to maximizing shareholder value," said John Eggemeyer, chief executive officer of White River. "Given the very strong capitalization of White River, we have the resources to provide our shareholders with a significant special dividend and to retain capital to continue to grow the company."
Why didn`t I sell at a profit
