TSX Trading Symbol: "MTY"
MONTREAL, Jan. 22, 2014 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the
"Company") (TSX: MTY), franchisor and operator of multiple concepts of
quick service restaurants, announced today that it will increase its
quarterly dividend to 8.5¢ per share, payable on February 14, 2014 to
shareholders registered in the Company's records at the end of the
business day on February 4, 2014.
It is the 3rd consecutive annual increase of the dividend following the inception of
the Company's dividend policy in 2010. "We are very excited to
announce another important increase in our dividend, which signals our
confidence in MTY's future earnings potential and further demonstrates
our commitment to financial discipline" says Stanley Ma. "This increase
in our dividend in no way affects our growth strategy, which will come
from successfully completing acquisitions and achieving strong organic
growth".
Certain information in this News Release may constitute
"forward-looking" information that involves known and unknown risks,
uncertainties, future expectations and other factors which may cause
the actual results, performance or achievements of the Company or
industry results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking information. When used in this News Release, this
information may include words such as "anticipate", "estimate", "may",
"will", "expect", "believe", "plan" and other terminology. This
information reflects current expectations regarding future events and
operating performance and speaks only as of the date of this News
Release. Except as required by law, we assume no obligation to update
or revise forward-looking information to reflect new events or
circumstances. Additional information is available in the Company's
Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.
On Behalf of the Board of Directors of
MTY Food Group Inc.
_____________________________________
Stanley Ma, Chairman, President & CEO
SOURCE MTY Food Group Inc.
please contact Eric Lefebvre, Chief Financial Officer at 1-514-336-8885 or by email at ir@mtygroup.com, or visit our website: www.mtygroup.com or SEDAR's website at www.sedar.com under the Company's name.
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