TORONTO,
July 31, 2013 /CNW/ - The Board
of Directors of Home Capital Group Inc. (TSX: HCG) has approved the
payment of a quarterly dividend of 18.0
cents per share on the outstanding Common Shares of the
Company. This represents a 2.0 cent
per share increase in its quarterly dividend and is equivalent to
an annual dividend of $0.72 per
share. The dividend increase reflects the continuing success of
Home Capital's operating subsidiaries, Home Trust Company and
PSiGate. The dividend is payable on September 1, 2014 to shareholders of record at
the close of business on August 11,
2014.
Gerald M. Soloway,
CEO of Home Capital, stated, "This represents an increase of 12.5%
in the quarterly dividend and is the 17th increase in
the last 10 years, reflecting Home Capital's consistent strong
growth, increasing profitability and ongoing commitment to
enhancing long-term shareholder value."
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.
About Home Capital and Home Trust
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 residential and non-residential
mortgage lending, securitization of insured residential first
mortgage products, consumer lending and credit card services. In
addition, Home Trust offers deposits via brokers and financial
planners, and through its direct to consumer deposit brand, Oaken
Financial. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.