TORONTO, Nov. 2, 2016 /CNW/ - The Board of Directors of
Home Capital Group Inc. ("Home Capital" or "the Company") (TSX:
HCG) has approved the payment of a quarterly dividend of
26.0 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
$1.04 per share. The dividend is
payable on December 1, 2016 to
shareholders of record at the close of business on November 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.
About Home Capital Group Inc.
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, Home 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.