Thursday, February 20, 2014

Dividend Increase

On February 20th, 2014 Tim Horton's reported earnings for their 4th quarter.   Some of the results of the forth quarter are as follows:
  • net income of $100.6 million, or $0.69 a share which is up from 0.3 % from the year earlier quarter.
  • below analysts estimates of by $0.07 a share
  • Revenue increases 10% to $898 million for the 3 months ending Dec 31, 2013.
  • For the full year, net income was up 5 percent to $424 million with revenue of $3.3 billion, an increase of 4%.
Tim Horton's opened 168 new stores in Canada and closed 16. In the United States Tim Horton's opened 79 stores and closed 24. During 2014, the company aims to grow by opening over 200 stores in  Canada and over 40 stores in the United States.

Under pressure in recent quarters to return  value to their shareholders, Tim Horton's has boosted its payout by 23% to an annual dividend of $1.28 a share. The increase has $24.00 to my annual dividend income as I own 100 shares.

Tim Horton's is planning on making changes as they try to compete with the major coffee competitors. They changes should start to be announced in the near future. 

Disclosure : Long THI
                   My shares were bought on the TSX in Canada


     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk

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