Stock Name: HCG
Amount: CAD 0.22
Announcement Date: 03/05/2012
Record Date: 11/05/2012
Dividend Detail:
TORONTO, May 3, 2012 /CNW/ - The Board of Directors of Home Capital
Group Inc. (TSX: HCG) has approved the payment of a quarterly dividend
of 22.0 cents per share on the outstanding Common Shares of the
Company. This represents a 2.0 cent per share increase in its quarterly
dividend and is equivalent to an annual dividend of 88.0 cents per
share. The dividend increase reflects the continuing success of Home
Capital's operating subsidiaries, Home Trust Company and PSiGate. The
dividend is payable on June 1, 2012 to shareholders of record at the
close of business on May 15, 2012.
Gerald M. Soloway, CEO of Home Capital, stated, "This represents an
increase of 10% in the quarterly dividend and is the 14th increase in the last 8 years, reflecting Home Capital's strong growth,
profitability and commitment to enhancing long-term shareholder value."
The above-mentioned dividend on the Common Shares is designated as an
"eligible" dividend for the purposes of the Income Tax Act (Canada) and
any similar provincial legislation.
Home Capital Group Inc. is a public company, traded on the Toronto Stock
Exchange (HCG), operating through its principal subsidiary, Home Trust
Company. Home Trust is a federally regulated trust company offering
deposit, residential and non-residential mortgage lending,
securitization of insured residential first mortgage products, consumer
lending, Visa and payment card services. Licensed to conduct business
across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia and Quebec.
For further information:
Gerald M. Soloway, CEO, or
Martin Reid, President
416-360-4663
www.homecapital.com
No comments:
Post a Comment