TORONTO, Aug. 6 /CNW/ - The Board of Directors of Home Capital Group Inc.
(TSX: HCG) has approved an increase in the quarterly dividend to 15.0 cents
per share on the outstanding Common Shares of the Company, which is equivalent
to an annual dividend of 60.0 cents per share. The dividend is payable on
September 1, 2009 to shareholders of record at the close of business on August
Gerald M. Soloway, CEO of Home Capital Group Inc., stated, "This dividend
increase underlines our long-term commitment to enhance value for our
shareholders, and reflects our continuing strong financial performance and our
positive future outlook."
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,
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 Quebec.
For further information:
For further information: Gerald M. Soloway, CEO, or Nick Kyprianou,
President, (416) 360-4663, www.homecapital.com