MONTREAL – MTY Food Group Inc. (TSX:MTY) said Wednesday it will increase its quarterly dividend to 8.5 cents per share from seven cents per share.
The company behind more than two dozen fast food brands including Mr. Sub, Sushi Shop and Vanellis said the increase will be payable on Feb. 14 to shareholders of record on Feb. 4.
It is the third consecutive annual increase in the company’s dividend.
MTY shares will have an annual yield of about one per cent based on their price Wednesday morning.
The stock was up two cents at $32.02 on the Toronto Stock Exchange.