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Article: Tim Hortons Inc. Board declares quarterly dividend of $0.10 per share.
- Article from:
- Computer Weekly News
- Article date:
- November 12, 2009
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Tim Hortons Inc. (TSX: THI, NYSE: THI) 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 Canadian resident addresses. For U.S. resident stockholders, dividends paid will be converted to ...