MONTREAL, Jan. 21, 2019 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company") (TSX: MTY), franchisor and operator of multiple concepts of restaurants worldwide, announces an increase of 10% of its quarterly dividend payment, which increases from 15¢ per share to 16.5¢ per share. The 16.5¢ dividend will be payable on February 15, 2019 to shareholders registered in the Company's records at the end of the business day on February 4, 2019.
"We are excited to announce that we are significantly increasing our quarterly dividends. This increase represents the seventh increase since our first dividend declared in 2010. This increase further demonstrates not only our confidence in the ability to generate solid cash flows in the future, but also our confidence in our brands and our franchisee network" says Eric Lefebvre. "This increase will in no way affect our ability to aggressively pursue our growth strategy, whether organic or via acquisitions. We continue to expect great momentum in the growth of the company in the years to come."
Certain information in this News Release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of MTY Food Group Inc.
Eric Lefebvre, President & CEO
SOURCE MTY Food Group Inc.
For further information: Eric Lefebvre, President & CEO, 1-514-336-8885, or by email at email@example.com