TORONTO, July 28, 2016 /CNW/ - The Board of Directors of
Home Capital Group Inc. (TSX: HCG) has approved the payment of a
quarterly dividend of 24.0 cents per
share on the outstanding Common Shares of the Company, which is
equivalent to an annual dividend of 96.0
cents per share. The dividend is payable on September 1, 2016 to shareholders of record at
the close of business on August 15,
2016.
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 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. Home
Trust also conducts business through its wholly owned subsidiary,
CFF Bank. 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.