TORONTO, Feb. 8, 2017 /CNW/ - The Board of Directors of
Home Capital Group Inc. ("Home Capital") (TSX: HCG) has approved
the payment of a quarterly dividend of 26.0
cents per share on the outstanding Common Shares of the
Company, which is equivalent to an annual dividend of $1.04 per share. The dividend is payable on
March 1, 2017 to shareholders of
record at the close of business on February
17, 2017.
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.
Canadian resident shareholders may enroll in Home Capital's
dividend reinvestment plan (DRIP) and receive common shares of Home
Capital instead of a cash dividend payment. Common shares issued
under the DRIP for the above-mentioned dividend will be purchased
on the secondary market at the Market Price as defined in the
DRIP.
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.