Western Capital Resources, Inc. (OTCMKTS:WCRS) Files An 8-K Other EventsItem 8.01.Other Events
Western Capital Resources, Inc., a Delaware corporation (OTCQB: WCRS), announced today that its Board of Directors has declared a cash dividend of $0.05 per share, or $0.20 per common share on an annualized basis, for the fourth quarter of 2017. This dividend declaration represents a doubling of the annualized dividends previous paid to the company’s stockholders. The company expects to pay this dividend on or about February 14, 2018 on all outstanding common shares to holders of record as of the close of business on February 9, 2018.
About Western Capital Resources, Inc. (OTCMKTS:WCRS)
Western Capital Resources, Inc. (WCR) is a holding company. The Company’s segments are Franchise segment, Cellular Retail segment, Direct to Consumer segment and Consumer Finance segment. The Franchise segment consists of AlphaGraphics, Inc., the franchisor of AlphaGraphics customized print and marketing solutions. Its Cellular Retail segment consists of an authorized Cricket Wireless dealer and involves the retail sale of cellular phones and accessories to consumers through its subsidiary PQH Wireless, Inc. and its subsidiaries. Its Direct to Consumer segment consists of an online and direct marketing retailer and distributor of live plants, seeds, holiday gifts and garden accessories, and an online and direct marketing distribution retailer of home improvement and restoration products operating as Van Dyke’s Restorers. Its Consumer Finance segment consists of retail financial services conducted through its subsidiaries, Wyoming Financial Lenders, Inc. and Express Pawn, Inc.