TORONTO, Nov. 8, 2012 /CNW/ - The Board of Directors of Home Capital
Group Inc. (TSX: HCG) has approved the payment of a quarterly dividend
of 26.0 cents per share on the outstanding Common Shares of the
Company. This represents a 4.0 cent per share increase in its quarterly
dividend and is equivalent to an annual dividend of $1.04 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 December 1, 2012 to shareholders of record at the close of
business on November 16, 2012.
Gerald M. Soloway, CEO of Home Capital, stated, "This represents an
increase of 18% in the quarterly dividend and is the 15th 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.
About Home Capital and Home Trust
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
deposits, residential and non-residential mortgage lending,
securitization of insured residential first mortgage products, consumer
lending and credit card services. Licensed to conduct business across
Canada, Home Trust has offices in Ontario, Alberta, British Columbia,
Nova Scotia, Quebec and Manitoba.
SOURCE: Home Capital Group Inc.
For further information:
Gerald M. Soloway, CEO, or
Martin Reid, President