Brooke Corporation Declares Quarterly Cash Dividend
OVERLAND PARK, Kan., Jan. 25 // PRNewswire-FirstCall // -- Keith E. Bouchey, chief executive officer of Brooke Corporation (NASDAQ: BXXX), announced today that its board of directors has declared a quarterly cash dividend in the amount of 18 cents per share of common stock. Bouchey reported the dividend will be paid on Feb. 22, 2008, to common shareholders of record as of Feb. 8, 2008, with an ex-dividend date of Feb. 6, 2008.
The payout maintains the dividend amount for the previous quarter and represents an annualized dividend yield of approximately 11%, based on the closing price of Brooke Corporation common stock as of January 24, 2008.
About Brooke Corporation ... Brooke Corporation is a holding company listed on the Nasdaq Global Market under the symbol "BXXX". Brooke Corporation owns 100 percent of Brooke Bancshares, Inc., a banking organization with a federally chartered thrift institution that operates an agent bank. Brooke Corporation owns 62 percent of Brooke Credit Corporation (d/b/a Aleritas Capital; OTCBB: BRCR), a finance company specializing in insurance-related lending. Brooke Corporation owns 81 percent of Brooke Capital Corporation (AMEX: BCP), an insurance organization with a non-standard auto insurance company, a life insurance company and insurance agency franchising operations.
E-mail Distribution ... To receive electronic press alerts, visit the Brooke Corporation Media Room at http://brookecorp.mediaroom.com/ and subscribe to our e-mail alerts online through the Get the News link.
A statement of annualized dividend yield could be interpreted as a forward-looking statement. All forward-looking statements involve risks and uncertainties. The following factors, among others, could cause actual results to differ materially from those indicated such forward-looking statement: the discretion of the board of directors in declaring dividends; the continuing availability of funds for the payment of dividends; the uncertainty that Brooke Corporation will achieve its short-term and long-term profitability and growth goals; the exposure to market risks; the exposure to changes in interest rates, in the law and in economic, political and regulatory environments; changes in management; the effectiveness of internal controls; and risks and factors described from time to time in reports and registration statements filed by Brooke Corporation and its affiliates with the Securities and Exchange Commission. A more complete description of Brooke's business is provided in Brooke Corporation's most recent annual, quarterly and current reports, which are available from Brooke Corporation without charge or at http://www.sec.gov/.
SOURCE: Brooke Corporation
CONTACT: Kate Sidorovich of Market Street Partners, +1-415-445-3236,
kate@marketstreetpartners.com, for Brooke Corporation
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