TORONTO, Feb. 12 /CNW/ - The Board of Directors of Home Capital Group
Inc. (TSX: HCG) has approved an increase in the quarterly dividend to
12.0 cents per share on the outstanding Common Shares of the Company, which is
equivalent to an annual dividend of 48.0 cents per share. The dividend is
payable on March 1, 2008 to shareholders of record at the close of business on
February 21, 2008.
Gerald M. Soloway, CEO of Home Capital Group Inc., stated, "This dividend
increase is indicative of Home Capital's continued strong performance in 2007
and our confidence in the future earnings growth of the Company in 2008 and
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 holding company, publicly 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, mortgage lending, retail credit and payment card services. Licensed
to conduct business across Canada, Home Trust has offices in Ontario, Alberta,
British Columbia, Nova Scotia and Québec.
For further information:
For further information: Gerald M. Soloway, CEO, or Nick Kyprianou,
President, (416) 360-4663, www.homecapital.com