Cash America International, Inc. (NYSE: CSH) reported today that the Board of Directors, at its regularly scheduled quarterly meeting, increased the cash dividend amount to $0.05 (5 cents) per share on common stock outstanding. The newly declared dividend represents a 43% increase in the Company's previous quarterly dividend of $0.035 (3.5 cents) per share paid each quarter since the first quarter of 2007. The Company has consistently paid a quarterly dividend since 1989. The dividend will be paid at the close of business on February 25, 2015 to shareholders of record on February 11, 2015. Commenting on the board's decision, Daniel R. Feehan, President and Chief Executive Officer said, "We are pleased to provide our shareholders with this increase in our quarterly cash dividend, which demonstrates our efforts to provide shareholders with a regular cash return based on the healthy cash flow generating capability of their Company." In a separate release today, the Company also announced that the board of directors approved a new open market share repurchase authorization for up to 4 million shares of the Company's common stock. See the separate press release for additional details. About the Company As of December 31, 2014 Cash America International, Inc. (the "Company") operated 943 total locations offering specialty financial services to consumers, which included the following:
- 859 lending locations in 21 states in the United States primarily under the names "Cash America Pawn," "SuperPawn," "Cash America Payday Advance," and "Cashland;" and
- 84 check cashing centers (all of which are unconsolidated franchised check cashing centers) operating in 12 states in the United States under the name "Mr. Payroll."