Restaurant company MTY Food Group raising quarterly dividend by 18 per cent

Advertisement

Advertise with us

MONTREAL - MTY Food Group Inc. is raising its quarterly dividend by 18 per cent.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 22/01/2025 (589 days ago), so information in it may no longer be current.

MONTREAL – MTY Food Group Inc. is raising its quarterly dividend by 18 per cent.

The franchisor and operator of restaurants says it will now pay a quarterly dividend of 33 cents per share up from 28 cents.

Shares in the company behind many mall food court favourites will have an annual yield of about 2.7 per cent based on their closing price of $48.91 on the Toronto Stock Exchange on Tuesday.

MTY Food Group Inc. is raising its quarterly dividend by 18 per cent. A Jugo Juice outlet, part of MTY Food Group Inc., is seen in a mall in Montreal, Monday, Dec. 2, 2024. THE CANADIAN PRESS/Christinne Muschi
MTY Food Group Inc. is raising its quarterly dividend by 18 per cent. A Jugo Juice outlet, part of MTY Food Group Inc., is seen in a mall in Montreal, Monday, Dec. 2, 2024. THE CANADIAN PRESS/Christinne Muschi

MTY chief executive Eric Lefebvre says the increase reflects the company’s continued confidence in its financial strength and strategic growth initiatives.

The new rate will be payable on Feb. 14 to shareholders of record at the end of the business day on Feb. 4.

MTY has dozens of brands including Jugo Juice, Manchu Wok and Mr. Sub as well as Baton Rouge and Scores.

This report by The Canadian Press was first published Jan. 22, 2025.

Companies in this story: (TSX:MTY)

Report Error Submit a Tip

More Stories

Red River Polytechnic looks to expand after MITT takeover

Maggie Macintosh and Morgan Modjeski 4 minute read Preview

Red River Polytechnic looks to expand after MITT takeover

Maggie Macintosh and Morgan Modjeski 4 minute read Yesterday at 7:18 PM CDT

Red River College Polytechnic is celebrating an enrolment bump and eyeing new high school partnerships as part of its merger with a longtime competitor.

For the first time, nearly 400 students attended their first day of RRC Polytech in Winnipeg’s south end on Tuesday.

The new campus is outfitted with two school logos — a new red one and a blue design belonging to the Manitoba Institute of Trades and Technology.

“It feels great to be a part of history,” said Dom McLaren, an 18-year-old who is enrolled in RRC Polytech’s network and systems administration program. “I’m definitely going to enjoy my time.”

Read
Yesterday at 7:18 PM CDT

Officers, not technology, stop huge drug drop into Stony prison

Chris Kitching 4 minute read Preview

Officers, not technology, stop huge drug drop into Stony prison

Chris Kitching 4 minute read Yesterday at 5:08 PM CDT

Stony Mountain Institution officers intercepted $1.8 million worth of drugs and other banned items Sunday in one of the largest reported seizures in recent years at Manitoba’s only federal prison.

Jake Suelzle, president of the Union of Canadian Correctional Officers’ prairie region, said employees spotted a drone while it delivered packages containing contraband.

“What marks this one a little bit unique is the (Correctional Service of Canada) just invested a significant amount of money into a drone detector, and this drone detector sure showed its worth when it didn’t detect at all,” he said Tuesday. “No alarm was raised when this package was dropped.”

In a news release that offered limited details, the correctional service said the items, including THC concentrate, were found in packages thanks to the “vigilance” of employees.

Read
Yesterday at 5:08 PM CDT

Chefs gather in St. Boniface to see whose version of jollof is best

Eva Wasney 4 minute read Preview

Chefs gather in St. Boniface to see whose version of jollof is best

Eva Wasney 4 minute read Yesterday at 5:30 PM CDT

Chef Alex Bockarie is bringing an age-old African culinary battle to Winnipeg.

On Saturday, five local chefs hailing from Senegal, Liberia, Sierra Leone, Ghana and Nigeria will go head-to-head to determine who makes the best jollof — a rice dish simmered in a savoury tomato-based stew.

“Jollof rice originated from Senegal but it has spread throughout West Africa and every country has its own method of cooking it,” Bockarie says. “It’s a long-standing fight; even among the communities here in Winnipeg, everybody’s always saying that Sierra Leone’s (jollof) is the best, Ghana’s is the best, Nigeria’s is the best.

“It’s a friendly competition; friendly, but very serious too.”

Read
Yesterday at 5:30 PM CDT

‘Where are they going to go?’: encampment policy blamed for homeless people sleeping outside thrift store

Scott Billeck 5 minute read Preview

‘Where are they going to go?’: encampment policy blamed for homeless people sleeping outside thrift store

Scott Billeck 5 minute read 4:55 PM CDT

The owner of a Portage Avenue thrift shop says the city’s encampment ban has pushed dozens of homeless people from tent communities to spaces near her store.

Susan Lockhart, who runs Just Like New to You at 635 Portage Ave., says anywhere from 25 to 50 people can be found at any given time behind the store and along the back lane stretching between Sherbrook and Furby streets.

“Where are they going to go?” she said Wednesday from her shop. “I was just here on the weekend and I couldn’t get to our back door. There were people everywhere. Mattresses.”

Earlier this week, the city reported 275 people were known to be living in 72 encampments across Winnipeg — down from 100 encampments housing about 700 people last September. The report also noted that 141 sites have been remediated since the city’s encampment policy came into effect in November.

Read
4:55 PM CDT

Provencher Park eyed for new aquatic centre

Malak Abas 4 minute read Preview

Provencher Park eyed for new aquatic centre

Malak Abas 4 minute read Updated: Yesterday at 6:49 PM CDT

Provencher Park may be the next site for a new aquatic centre.

Read
Updated: Yesterday at 6:49 PM CDT

Province accused of meddling in Dynacare contract dispute as strike deadline looms

Carol Sanders 5 minute read Preview

Province accused of meddling in Dynacare contract dispute as strike deadline looms

Carol Sanders 5 minute read Yesterday at 4:30 PM CDT

The union for hundreds of Dynacare lab employees in Manitoba has accused the provincial government of interfering in contract talks ahead of next week’s strike deadline.

Read
Yesterday at 4:30 PM CDT