Restaurant company MTY Food Group raising quarterly dividend to 21 cents per share

MONTREAL - MTY Meals Group Inc. is elevating its quarterly dividend.

The franchisor and operator of eating places says it's going to now pay a quarterly dividend of 21 cents per share on Feb. 15 to shareholders of document on Feb. 3.

The cost is up from its earlier quarterly dividend of 18.5 cents per share.

The inventory may have an annual yield of 1.5 per cent primarily based on the brand new dividend charge and the corporate’s share worth on Monday.

MTY chief government Eric Lefebvre says the corporate’s free money circulation era talents are strong and it's assured sooner or later regardless of the challenges COVID-19 restrictions nonetheless pose.

MTY has greater than 80 restaurant manufacturers together with Thai Categorical, Tiki-Ming and Tutti Frutti.

This report by The Canadian Press was first revealed Jan. 18, 2022.

Corporations on this story: (TSX:MTY)