First Marblehead (FMD) Increases Dividend

First Marblehead Corporation (FMD) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share on the Company’s Common Stock. The dividend is payable on June 25, 2007 to stockholders of record at the close of business on June 18, 2007.

This is the fourth consecutive dividend increase for the company and represents a 67% increase over the previous quarterly dividend of $0.15 per share. This also represents a 94% increase in full year dividends in FY 2007 of $0.62 per share (split-adjusted) over $0.32 per share (split-adjusted) paid over the same period last year.

This magnitude of dividend increase is viewed as a positive sign of future earnings and growth within the company.

Jack Kopnisky, President and CEO of First Marblehead:

“We are pleased that we have almost doubled our dividend and have repurchased stock as means of creating value for our shareholders over the past year.”

In addition, from April 2007 to June 2007, the FMD repurchased 1,319,100 shares of Common Stock under repurchase initiatives approved by the Board of Directors. In April 2007, the Board authorized the Company to repurchase up to 10 million shares when it sees fit to do so.

With both dividend increases and stock buybacks, First Marblehead is actively creating shareholder value. Ultimately, as an investor, it is important that you seek a management team at a company that is committed to the shareholder.

As always, it is important to investigate the company further and do your own due diligence…unless you don’t want to make money in stocks???

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