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Dominion Lending Centres Inc T.DLCG

Alternate Symbol(s):  BRLGF

Dominion Lending Centres Inc. (DLCG) is a Canadian mortgage brokerage and data connectivity provider with operations across Canada. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc (Newton). The Company's network includes approximately 8,000 agents and 520 locations. The franchise model provides secure long-term relationships with mortgage professionals, and the Corporation provides training, technology, marketing, recruitment and operational support to its franchises and brokers. Mortgage professionals provide services related to property purchases, mortgage refinancing and renewals, credit lines, and other borrowing needs. Mortgage professionals originate mortgages but do not themselves lend money. Newton is a financial technology company, which provides an all-in-one operating platform in Canada named Velocity.


TSX:DLCG - Post by User

Post by retiredcfon Apr 14, 2022 7:42am
145 Views
Post# 34602963

Dividend

Dividend

Dominion Lending Centres Inc. (DLCG-Tannounced the implementation of a quarterly dividend on its Class A common shares. The company said it will pay 3 cents per share on June 15 to shareholders of record on June 1.

“While the corporation continues to prioritize the allocation of free cash flow to growth initiatives and debt reduction, DLC’s strong financial outlook and operating results have enabled the implementation of the quarterly dividend to further augment shareholder returns,” the company stated.

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