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Home Capital swimming in cash, eyes dividends and buybacks VIDEO SIGN OUT
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Follow|Archive Shares of Home Capital Group Inc. jumped to their highest price in more than five and a half years Thursday, after the lender reported a big gain in profit. The company also hinted it may return to paying a dividend â something it has not done since May of 2017.
Home Capital, an alternative mortgage lender, also said it released funds from loan loss reserves it had booked in earlier quarters.
The company beat Bay Street earnings expectations with adjusted earnings per share of $1.26. That was versus the $1.04 expected by analysts.
Small cap to watch: What to expect from Home Capital Group earnings on Thursday theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
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On April 12, the Local Planning Appeal Tribunal released its decision approving the proposed establishment of a cement plant near L’Orignal, 78 km east of Ottawa. The plant would be on a property that had been zoned for agricultural use adjacent to a rock quarry less than 2.5 kilometres south of the Ottawa River.
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Try refreshing your browser, or Bergevin: Cement plant near L Orignal would hurt the environment, and humans Back to video
To be clear, we are not talking of a “ready-mix” operation but of a plant producing cement powder, used in the production of concrete and all that entails in terms of pollution and other environmental impacts, not to mention the impacts on the lives of local residents and others.