The Merchants Financial Group Incorporated posted a net income of over $9,400,000 during the first three quarters of 2013.
Given the continued positive results, the Board of Directors voted to increase the per share dividend by four cents, to 45-cents, according to President and CEO Richard Mahoney.
The dividend will be paid on December 20th, 2013, to shareholders of record as over November 20th.
Net income through the first nine months is still ahead of plan for 2013 although it was behind last year's pace of $10,200,000.
The Merchants Financial Group is reporting current assets of 1.35 billion dollars.