CARFINCO FINANCIAL GROUP $8.42 (Toronto symbol CFN; TSINetwork Rating: Speculative) (1-888-486-4356; www.carfinco.com; Shares outstanding: 26.4 million; Market cap: $226.9 million; Dividend yield: 5.7%) provides car loans to consumers who don’t meet the criteria of traditional lenders, like banks.
In the three months ended March 31, 2013, Carfinco’s revenue rose 14.4%, to $19.2 million from $16.8 million a year ago. It loaned $36.6 million in the quarter, up 12.9% from $32.4 million. Earnings per share rose 5.3%, to $0.20 from $0.19.
The company raised its monthly dividend by 14.3%, to $0.04 from $0.035, starting with the October 2012 payment. That was Carfinco’s fourth dividend increase since the start of 2011. The higher payout gives the stock a 5.7% yield.
Carfinco Financial is still a buy for aggressive investors.
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