This morning, Tim Hortons (THI) declared its quarterly dividend of 13 cents per share, maintaining the amount paid to shareholders last quarter. Based on the current stock price, investors can expect a yield of about 1.4% going forward.
In afternoon trading, shares of THI were heading much higher, gaining 7.5% so far.
In other dividend news, Ace Limited (NYSE:ACE) maintained its quarterly dividend of 33 cents per share. Precision Castparts (NYSE:PCP) maintained its quarterly dividend of 3 cents per share. Quest Diagnostics (NYSE:DGX) maintained its quarterly dividend of 10 cents per share. And AmerisourceBergen (NYSE:ABC) maintained its quarterly dividend of 8 cents per share.
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