TSX Trading Symbol: "MTY"
MONTREAL, Jan. 23, 2012 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the
"Company") (TSX: MTY), franchisor and operator of over 2,251 quick
service restaurants, announces an increase of 22% of its quarterly
dividend payment from 4.5¢ per share to 5.5¢ per share. The 5.5¢
dividend will be payable on February 17, 2012 to shareholders
registered in the Company's records at the end of the business day on
February 1, 2012.
"We are pleased to announce this increase, which signals our confidence
in our future earnings and demonstrate our commitment to financial
discipline" says Stanley Ma. He adds "This increase will in no way
affect our growth strategy, which we will continue achieve through
organic growth and by successfully completing acquisitions".
Certain information in this News Release may constitute
"forward-looking" information that involves known and unknown risks,
uncertainties, future expectations and other factors which may cause
the actual results, performance or achievements of the Company or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. When used in this News Release, this
information may include words such as "anticipate", "estimate", "may",
"will", "expect", "believe", "plan" and other terminology. This
information reflects current expectations regarding future events and
operating performance and speaks only as of the date of this News
Release. Except as required by law, we assume no obligation to update
or revise forward-looking information to reflect new events or
circumstances. Additional information on the Company is available on
SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
MTY Food Group Inc.
Stanley Ma, Chairman, President & CEO
SOURCE MTY FOOD GROUP INC.
For further information:
Jean-Francois Dube, Investor Relations at 1-450-226-8475 or by email at email@example.com or visits our website: www.mtygroup.com or visit SEDAR's website at www.sedar.com under the Company's name.