TORONTO, May 6 /CNW/ - The Board of Directors of Home Capital Group Inc.
(TSX: HCG) has approved an increase in the quarterly dividend to 14.0 cents
per share on the outstanding Common Shares of the Company, which is equivalent
to an annual dividend of 56.0 cents per share. The dividend is payable on June
1, 2009 to shareholders of record at the close of business on May 15, 2009.
Gerald M. Soloway, CEO of Home Capital Group Inc., stated, "We are
pleased to be increasing common share dividends for the ninth time in the past
five years. This 8% 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