CARFINCO FINANCIAL GROUP $10.95 - Toronto symbol CFN

CARFINCO FINANCIAL GROUP $10.95 (Toronto symbol CFN; TSINetwork Rating: Speculative) (1-888- 486-4356; www.carfinco.com; Shares outstanding: 24.6 million; Market cap: $269.4 million; Dividend yield: 4.4%) raised its monthly dividend by 14.3%, to $0.04 from $0.035, starting with the October 2012 payment. This was the fourth dividend increase since the start of 2011. The higher payout gives the stock a 4.4% yield.

The company also added a $0.05-a-share special cash dividend to the regular dividend of $0.04 a share it paid in December 2012.

Carfinco is still a buy for aggressive investors.

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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