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Article: Waddell & Reed Financial, Inc. Reports Fourth Quarter Results and Announces a 13% Increase in ITS Quarterly Dividend.
- Article from:
- PR Newswire
- Article date:
- January 30, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OVERLAND PARK, Kan., Jan. 30 /PRNewswire-FirstCall/ -- Waddell & Reed Financial, Inc. reported fourth quarter net income of $30.0 million, or $0.36 per diluted share. This compares to net income of $24.6 million, or $0.30 per diluted share in this year's third quarter and net income of $19.9 million, or $0.24 per diluted share in the fourth quarter of 2005. Last year's fourth quarter results included a pre-tax charge of $6.1 million to general and administrative expenses ($3.8 million net of taxes, or $0.05 per diluted share) related to the settlement of an arbitration case with a former financial advisor. Excluding this charge, net income was $23.8 million, or $0.29 ...