Nicholas Financial, Inc. Declares Cash Dividend

Nicholas Financial, Inc. Declares Cash Dividend

CLEARWATER, Fla., Feb. 19, 2013 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc.
(Nasdaq:NICK) announced today that its Board of Directors has declared a cash
dividend of $0.12 per share on its common stock, to be paid on March 29, 2013
to shareholders of record as of March 22, 2013.

Peter L. Vosotas, Chairman and CEO noted, "Our capital position and continued
confidence in our earnings capability played a large part in the Board of
Director's decision to declare a cash dividend." Subject to market conditions
and profitability targets, the Company anticipates it will continue to declare
quarterly cash dividends in the future, however no assurances can be given.

Nicholas Financial, Inc. is one of the largest publically traded specialty
consumer finance companies in North America. The Company operates branch
locations in both the Southeastern and the Midwestern states. The Company has
approximately 12,100,000 shares of common stock outstanding. For an index of
Nicholas Financial news releases and public filings please visit our web site
at www.nicholasfinancial.com

The Nicholas Financial, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6776

Except for the historical information contained herein, the matters discussed
in this news release include forward-looking statements that involve risks and
uncertainties including competitive factors, the management of growth, and
other risks detailed from time to time in the Company's filings and reports
with the Securities and Exchange Commission including the Company's Annual
Report on Form 10-K for the year ended March 31, 2012. Such statements are
based on the beliefs of the Company's management as well as assumptions made
by and information currently available to Company management. Actual events or
results may differ materially.

CONTACT: Ralph Finkenbrink
         Sr. Vice President, Finance
         Nicholas Financial, Inc.
         Ph # - 727-726-0763
         www.nicholasfinancial.com

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