Dominion Lending Centres, Inc. (Canada) Class A (TSE:DLCG) has released an update.
Dominion Lending Centres Inc. (DLCG) reported a mixed financial performance for 2023, with a slight uptick in fourth-quarter funded volumes and revenues but a significant annual decrease compared to the previous year. Despite industry challenges from rising interest rates, DLCG’s focus on broker recruitment and their ‘Velocity’ platform has positioned them for expected market improvements. The corporation also declared a consistent quarterly dividend amidst strategic share repurchases and a strengthened credit facility, signaling a robust balance sheet.
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