Origen Financial Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012; Declares Dividend on Common Stock, Payable on December 28, 2012
For the nine months, the company reported total interest income of $42,234,000, net interest income before loan losses and impairment of $13,723,000, net interest loss after loan losses and impairment of $413,000, net loss before income taxes of $1,265,000, net loss of $1,307,000 or $0.05 per common share as compared to total interest income of $48,397,000, net interest income before loan losses and impairment of $17,957,000, net interest loss after loan losses and impairment of $146,000, net loss before income taxes of $7,336,000, net loss of $7,379,000 or $0.28 per common share for the same period prior year.
On December 13, 2012, the company's Board of Directors declared a dividend on common stock of $0.13 per share to be paid to holders of company's common stock of record on December 24, 2012. The dividend will be paid on December 28, 2012.