{"id":350827,"date":"2010-02-22T09:50:00","date_gmt":"2010-02-22T14:50:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:398940"},"modified":"2010-02-22T09:50:00","modified_gmt":"2010-02-22T14:50:00","slug":"possible-dividend-brewing-for-tim-hortons","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/350827","title":{"rendered":"Possible dividend brewing for Tim Hortons"},"content":{"rendered":"<p><a href=\"http:\/\/www.financialpost.com\/markets\/company\/index.html?symbol=THI&amp;id=14473092\" >Tim Hortons Inc.<\/a> will be reporting its fourth quarter results on Thursday, and at least one analyst is forecasting some solid numbers and a dividend increase.<\/p>\n<p>Irene Nattel, with RBC Capital Markets, expects a 10% increase in divdend payouts to 44 cents a share, about 25% of the company&#39;s 2009 earnings-per-share rate of $1.76.&nbsp;<\/p>\n<p>&quot;Historical evidence confirms that companies that pay rising dividends consistently outperform those that pay stable or no dividends,&quot; Ms. Nattel said in a note to clients.&nbsp; <\/p>\n<p>Also, Tim Hortons is expected to launch a stock repurchase program in March, worth about $200-million.<\/p>\n<p>&quot;Tim Hortons has a strong record of acting upon its buy-back,&quot; she said. The company is currently on track to repurchase about 5.7 million shares, worth $172-million before March.<\/p>\n<p>As for the results, Ms. Nattel expects same-store sales to strengthen to 3% from 2.7% over the first nine months of the year on price increases and unseasonably warm weather in Ontario.<\/p>\n<p>Revenues are forecast at $616.4-million, up 9% compared with 2008. Earnings-per-share of 51 cents is a 10% increase on 2008 and in line with consensus.<\/p>\n<p>RBC has a rating of Outperform &#8211; average risk and a price target of $38 for Tim Hortons.<\/p>\n<p><a href=\"mailto:erlam@nationalpost.com\">Eric Lam<\/a>&nbsp; <\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=398940\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tim Hortons Inc. will be reporting its fourth quarter results on Thursday, and at least one analyst is forecasting some solid numbers and a dividend increase. Irene Nattel, with RBC Capital Markets, expects a 10% increase in divdend payouts to 44 cents a share, about 25% of the company&#39;s 2009 earnings-per-share rate of $1.76.&nbsp; &quot;Historical [&hellip;]<\/p>\n","protected":false},"author":4586,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-350827","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/350827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4586"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=350827"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/350827\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=350827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=350827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=350827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}