Tim Hortons Posts Drop In Q4 Profit, Lifts Dividend
Tim Hortons (NYSE: THI) reported a drop in its fourth-quarter profit and lifted its dividend.
Tim Hortons' quarterly net income fell to C$100.3 million ($98.84 million), or 65 Canadian cents per share, versus C$103.0 million, or 65 Canadian cents per share, in the year-ago period.
Its revenue climbed 4.1% to C$811.6 million.
Tim Hortons shares closed at $49.90 yesterday.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.