Imvescor Adopts Dividend Policy

MONCTON, NB, Oct. 24, 2014 (Canada NewsWire via COMTEX) -- Dividend policy provides for quarterly dividend of $0.02 per share. -- First dividend expected to be declared in the following weeks and first regular quarterly dividend expected to be declared concurrently with the release of the Company's results for the fourth quarter of its 2014 financial year. Imvescor Restaurant Group Inc. (the Company ) (TSX: IRG) announced today that further to its previously announced review of the capital allocation policy of the Company, the Board of Directors has adopted a dividend policy providing for the payment of a quarterly dividend of $0.02 per share. The dividend policy has been designed to allow sufficient flexibility to continue investing in the Company s growth and its franchise network while providing returns to its shareholders. We are very pleased to be able to implement this dividend policy , said Frank Hennessey, President and Chief Executive Officer of the Company. Given our busines
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