(All amounts in Canadian dollars)
OAKVILLE, ON, May 8, 2013 /CNW/ - Tim Hortons Inc. (TSX: THI, NYSE: THI)
today announced the Board of Directors has declared a dividend of $0.26
per common share payable to shareholders of record as of May 23rd, 2013. The dividend is payable on June 7th, 2013.
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 one of the largest publicly-traded restaurant chains 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, espresso-based hot and cold
specialty drinks, including lattes, cappuccinos and espresso shots,
specialty teas and fruit smoothies, home-style soups, fresh Panini and
classic sandwiches, wraps, hot breakfast sandwiches and fresh baked
goods, including our trademark donuts. As of March 31st, 2013, Tim Hortons had 4,288 systemwide restaurants, including 3,453 in
Canada, 808 in the United States and 27 in the Gulf Cooperation
Council. 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