Home Capital announces stock dividend and increased cash dividend

 Home Capital announces stock dividend and increased cash dividend  TORONTO, Feb. 12, 2014 /CNW/ - Home Capital Group Inc. (TSX: HCG) is pleased  to announce that its Board of Directors has approved a stock dividend of one  common share per each issued and outstanding common share, which has the same  effect as a two-for-one split of the common shares.  The stock dividend will be paid on March 10, 2014 to shareholders of record at  the close of business on February 28, 2014. Share certificates representing  common shares issued pursuant to the stock dividend will be mailed to Home  Capital's registered shareholders on or about March 10, 2014. Non-registered  shareholders' brokerage accounts will be credited for the additional shares  representing the stock dividend on or about March 10, 2014. The stock dividend  will effectively have no unfavourable tax consequences for Canadian  shareholders or the Company.  Home Capital's common shares will be traded in accordance with the "due bill"  procedures of the Toronto Stock Exchange (TSX) from February 26, 2014 through  March 10, 2014. This means any trades that are executed on the TSX during this  period will be identified to ensure purchasers of Home Capital's common shares  receive the entitlement to the stock dividend. Home Capital's common shares  are expected to begin trading on an ex-dividend basis, without an attached due  bill entitlement to the stock dividend, on the TSX on March 11, 2014. The due  bill redemption date will be March 13, 2014.  The stock dividend will increase the number of Home Capital's outstanding  common shares from 34,744,090 to 69,488,180. Home Capital is undertaking the  stock dividend to provide greater liquidity to Home Capital shareholders,  increase and broaden Home Capital's shareholder base, and improve  accessibility to Home Capital stock.  Home Capital's Board of Directors has also approved the payment of a quarterly  dividend of 32.0 cents per share on the outstanding common shares of the  Company. This represents a 4.0 cent per share increase in its quarterly  dividend and is equivalent to an annual dividend of $1.28 per share. The  dividend increase reflects the continuing success of Home Capital's operating  subsidiaries, Home Trust Company and PSiGate. The dividend is payable on March  1, 2014 to shareholders of record at the close of business on February 24,  2014 and will be paid on shares outstanding prior to the payment of the stock  dividend.  The quarterly dividend on the common shares is designated as an "eligible"  dividend for the purposes of the Income Tax Act (Canada) and any similar  provincial legislation.  About Home Capital and Home Trust  Home Capital Group Inc. is a public company, traded on the Toronto Stock  Exchange (HCG), operating through its principal subsidiary, Home Trust  Company. Home Trust is a federally regulated trust company offering deposit,  residential and non-residential mortgage lending, securitization of insured  residential first mortgage products, consumer lending, Visa and payment card  services. Licensed to conduct business across Canada, Home Trust has offices  in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.    SOURCE  Home Capital Group Inc.  FOR ADDITIONAL INFORMATION: Gerald M. Soloway, CEO, or Martin Reid, President  416-360-4663 www.homecapital.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/February2014/12/c9760.html  CO: Home Capital Group Inc. ST: Ontario NI: FIN DIV