Article Date 21/01/2019

Image from : MTY Food Group

MTY increases its quarterly dividend by 10%

Source Cision Newswire

MTY Food Group Inc., franchisor and operator of multiple concepts of restaurants worldwide, announces an increase of 10% of its quarterly dividend payment, which increases from 15¢ per share to 16.5¢ per share. The 16.5¢ dividend will be payable on February 15, 2019 to shareholders registered in the Company's records at the end of the business day on February 4, 2019. 

"We are excited to announce that we are significantly increasing our quarterly dividends.  This increase represents the seventh increase since our first dividend declared in 2010. 

This increase further demonstrates not only our confidence in the ability to generate solid cash flows in the future, but also our confidence in our brands and our franchisee network" says Eric Lefebvre.

"This increase will in no way affect our ability to aggressively pursue our growth strategy, whether organic or via acquisitions.  We continue to expect great momentum in the growth of the company in the years to come."

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