09:47 AM EST - Tim Hortons Inc. : posted fourth-quarter net income of $69.1 million or $0.38 per share, compared to $75.7 million or $0.40 per share in the prior year period. Quarterly revenues rose to $563.7 million from $515.4 million last year. Same store sales for the period rose 4.4 per cent. Looking forward, the company said it expects fiscal year 2009 same-store sales growth in the range of three to five per cent in Canada and zero to two per cent in the U.S. In addition, the company's Board approved an increase in the quarterly dividend to $0.10 per share and the first payment of a dividend at the new rate is payable on March 17, 2009 to shareholders of record as of March 3, 2009. Tim Hortons Inc.
shares T.THI are trading up $1.55 at $30.00.
