The performance of stocks in the group over the past year has been stellar, so investors seem to be taking a wait-and-see approach to the impact of any regulatory changes. Advance America has appreciated the most, rising more than 300% in the past 52 weeks, followed by Dollar Financial, up 275%; and World Acceptance, roughly 100% higher; over the same period. First Cash Financial, Cash America and QC Holdings are all up more than 40% in the past year, based on Thursday's close. And even with those gains, price-to-earnings multiples for the group remain reasonable. For example, even with its run-up, Advance America is still trading at a forward P/E of less than eight times based on the current analyst estimates for fiscal 2010. -- Written by Lauren Tara LaCapra in New York.
The ex-dividend date for Advance America Cash Advance Centers (NYSE:AEA) is tomorrow, February 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.41 as of 10 a.m., the dividend yield is 2.4%.
Advance America Cash Advance Centers (NYSE:AEA) is trading at unusually high volume Thursday with 16.6 million shares changing hands. It is currently at 30.9 times its average daily volume and trading up $2.59 (+32.7%).
Advance America Cash Advance Centers (NYSE:AEA) hit a new 52-week high Tuesday as it is currently trading at $9.39, above its previous 52-week high of $9.32 with 352,353 shares traded as of 1:34 p.m. ET. Average volume has been 534,400 shares over the past 30 days.