Home Capital Declares Common Share Dividend
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Home Capital Group Inc. (“Home Capital” or “the Company”) (TSX: HCG) today announced that its Board of Directors declared a common share dividend of $0.15 per share for the third quarter 2023. The dividend is payable on September 15, 2023, to shareholders of record on August 31, 2023. The dividend is designated as an “eligible” dividend for the purposes of the Income Tax Act (Canada) and any similar provincial legislation. If the previously announced acquisition of Home Capital by a wholly owned subsidiary of Smith Financial Corporation is completed on or prior to August 31, 2023 record date, shareholders will not be paid the dividend.
About Home Capital
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 residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.
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