TORONTO, Nov. 2, 2011 /CNW/ - The Board of Directors of Home Capital
Group Inc. (TSX: HCG) has approved the payment of a quarterly dividend
of 20.0 cents per share on the outstanding Common Shares of the
Company, which is equivalent to an annual dividend of 80.0 cents per
share. The dividend is payable on December 1, 2011 to shareholders of
record at the close of business on November 15, 2011.
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.
SOURCE Home Capital Group Inc.
For further information:
Gerald M. Soloway, CEO, or
Martin Reid, President