Tim Horton's Keeps Dividend Steady

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Restaurant operator Tim Horton's  announced today its third-quarter dividend of $0.26 Canadian per share, the same rate it's paid for the past three quarters after raising the payout 24% from $0.21 per share.

The board of directors said the quarterly dividend is payable on September 4 to the holders of record at the close of business on August 19. Dividends are paid in Canadian dollars to all shareholders with Canadian resident addresses. For U.S. shareholders, dividends paid will be converted to U.S. dollars based on prevailing exchange rates at the time of conversion.

The regular dividend payment equates to a $1.04 Canadian-per-share annual dividend, yielding 1.8% based on the closing price today of Tim Horton's stock.

THI Dividend Chart

THI Dividend data by YCharts.

The article Tim Horton's Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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