SOURCE: Delta Financial Corp

November 16, 2006 14:16 ET

Delta Financial Corporation Declares Quarterly Dividend

WOODBURY, NY -- (MARKET WIRE) -- November 16, 2006 -- Delta Financial Corporation (AMEX: DFC) today announced that its Board of Directors approved a quarterly cash dividend of $0.05 per common share. The dividend is payable on January 5, 2007 to stockholders of record at the close of business on December 26, 2006.

About Delta Financial

Founded in 1982, Delta Financial Corporation is a Woodbury, New York-based specialty consumer finance company that originates, securitizes and sells predominantly fixed-rate non-conforming mortgage loans. The Company's loans are primarily secured by first mortgages on one- to four-family residential properties. The Company originates non-conforming loans primarily in 34 states. Loans are originated through a network of approximately 3,000 independent brokers and the Company's retail offices. Since 1991, the Company has completed 49 asset-backed securitizations, collateralized by approximately $17.3 billion in mortgage loans.

Contact Information

  • For More Information, Contact:

    Jayne L. Cavuoto-Krafchik
    Director of Investor Relations
    (516) 812-8217
    Email Contact

    Drew Biondo
    Director of Corporate Communications
    (516) 812-8208
    Email Contact