(All amounts in Canadian dollars)
OAKVILLE, ON, May 12 /CNW/ - Tim Hortons Inc. (TSX: THI) (NYSE: THI)
today announced the Board of Directors has approved a dividend of $0.17
per common share payable to shareholders of record as of May 27th, 2011. The dividend is payable on June 14th, 2011.
Dividends are declared and paid in Canadian dollars to all shareholders
with Canadian resident addresses. For U.S. shareholders, dividends paid
will be converted to U.S. dollars based on prevailing exchange rates at
the time of conversion by Tim Hortons for registered shareholders and
by Clearing and Depository Services Inc. for beneficial shareholders.
The declaration and payment of all future dividends remain subject to
the discretion of the Company's Board of Directors.
Tim Hortons Inc. Overview
Tim Hortons is the fourth largest publicly-traded restaurant chain in
North America based on market capitalization, and the largest in
Canada. Operating in the quick service segment of the restaurant
industry, Tim Hortons appeals to a broad range of consumer tastes, with
a menu that includes premium coffee, flavored cappuccinos, specialty
teas, home-style soups, fresh sandwiches, wraps, hot breakfast
sandwiches and fresh baked goods, including our trademark donuts. As of
April 3rd, 2011, Tim Hortons had 3,782 systemwide restaurants, including 3,169 in
Canada and 613 in the United States. More information about the Company
is available at www.timhortons.com.
SOURCE Tim Hortons Inc.
For further information:
INVESTORS: Scott Bonikowsky: (905) 339-6186 or firstname.lastname@example.org