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 14, 2009.
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: Gerald M. Soloway, CEO, or Nick Kyprianou, President, (416) 360-4663, www.homecapital.com
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