Tim Hortons Posts Drop In Q4 Profit, Lifts Dividend

Tim Hortons

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.