Meta Financial Group, Inc.(R) Declares Cash Dividend
November 23 2009 - 4:45PM
PR Newswire (US)
STORM LAKE, Iowa, Nov. 23 /PRNewswire-FirstCall/ -- Meta Financial
Group, Inc.® (the "Company") (NASDAQ:CASH) announced that the
Company will pay a cash dividend of $0.13 per share for the first
fiscal quarter of 2010. This dividend will be payable on or about
January 1, 2010 to shareholders of record as of December 14, 2009.
At June 30, 2009, the Company had total assets of $819.5 million
and shareholders' equity of $44.1 million. This press release and
other important information about the Company are available at
http://www.bankmeta.com/. Corporate Profile: Meta Financial Group,
Inc. ® (doing business as Meta Financial Group) is the holding
company for MetaBank(TM) and Meta Trust Company®. MetaBank(TM) is a
federally-chartered savings bank with four market areas: Northwest
Iowa Market, Brookings Market, Central Iowa Market, Sioux Empire
Market; and the Meta Payment Systems® prepaid card division. Twelve
retail banking offices and one administrative office support
customers throughout northwest and central Iowa, and in Brookings
and Sioux Falls, South Dakota. The Company, and its wholly-owned
subsidiaries, MetaBank(TM) and Meta Trust®, may from time to time
make written or oral "forward-looking statements," including
statements contained in its filings with the Securities and
Exchange Commission, in its reports to shareholders, and in other
communications by the Company, which are made in good faith by the
Company pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements with respect to the Company's
beliefs, expectations, estimates, and intentions that are subject
to significant risks and uncertainties, and are subject to change
based on various factors, some of which are beyond the Company's
control. Such statements address the following subjects: future
operating results; customer retention; loan and other product
demand; important components of the Company's balance sheet and
income statements; growth and expansion; new products and services,
such as those offered by MPS or MetaBank; credit quality and
adequacy of reserves; technology; and our employees. The following
factors, among others, could cause the Company's financial
performance to differ materially from the expectations, estimates,
and intentions expressed in such forward-looking statements: the
strength of the United States economy in general and the strength
of the local economies in which the Company conducts operations;
the effects of, and changes in, trade, monetary, and fiscal
policies and laws, including interest rate policies of the Federal
Reserve Board; inflation, interest rate, market, and monetary
fluctuations; the timely development of and acceptance of new
products and services offered by the Company as well as risks
(including litigation) attendant thereto and the perceived overall
value of these products and services by users; the risks of dealing
with or utilizing third-party vendors; the impact of changes in
financial services' laws and regulations; technological changes,
including but not limited to the protection of electronic files or
databases; acquisitions; risk in general, including but not limited
to those risks involving the MPS division; the growth of the
Company's business as well as expenses related thereto; changes in
consumer spending and saving habits; and the success of the Company
at managing and collecting assets of borrowers in default. The
foregoing list of factors is not exclusive. Additional discussions
of factors affecting the Company's business and prospects are
contained in the Company's periodic filings with the SEC. The
Company expressly disclaims any intent or obligation to update any
forward-looking statement, whether written or oral, that may be
made from time to time by or on behalf of the Company or its
subsidiaries. DATASOURCE: Meta Financial Group, Inc. CONTACT: Lisa
Binder, Investor Relations of Meta Financial Group, Inc.,
+1-712-749-7535 Web Site: http://www.metacash.com/
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