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Article: Tim Hortons Inc. Board declares quarterly dividend of $0.10 per share.
- Article from:
- PR Newswire
- Article date:
- October 30, 2009
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(All amounts in Canadian dollars)
OAKVILLE, ON, Oct. 30 /PRNewswire-FirstCall/ -- Tim Hortons Inc. (TSX: THI, NYSE: THI) today announced the Board of Directors has declared a quarterly dividend of $0.10 per share payable on December 15th, 2009 to shareholders of record as of December 1st, 2009. The Company's dividend policy is to pay a total of 20% to 25% of prior year, normalized annual net earnings in dividends each year, returning value to shareholders based on the Company's earnings growth.
As of September 28th, due the Company's reorganization as a Canadian public company, dividends are declared and paid in Canadian dollars to all shareholders with ...