Exhibit 99.2
FOR IMMEDIATE RELEASE
(All amounts in Canadian dollars)
Tim Hortons Inc. declares quarterly dividend
of $0.17 per common share
OAKVILLE, ONTARIO, (May 12th, 2011): Tim Hortons Inc. (TSX: THI, NYSE: THI) today announced the Board of Directors has approved a dividend of $0.17 per common share payable to shareholders of record as of May 27th, 2011. The dividend is payable on June 14th, 2011.
Dividends are declared and paid in Canadian dollars to all shareholders with Canadian resident addresses. For U.S. shareholders, dividends paid will be converted to U.S. dollars based on prevailing exchange rates at the time of conversion by Tim Hortons for registered shareholders and by Clearing and Depository Services Inc. for beneficial shareholders. The declaration and payment of all future dividends remain subject to the discretion of the Company’s Board of Directors.
Tim Hortons Inc. Overview
Tim Hortons is the fourth largest publicly-traded restaurant chain in North America based on market capitalization, and the largest in Canada. Operating in the quick service segment of the restaurant industry, Tim Hortons appeals to a broad range of consumer tastes, with a menu that includes premium coffee, flavored cappuccinos, specialty teas, home-style soups, fresh sandwiches, wraps, hot breakfast sandwiches and fresh baked goods, including our trademark donuts. As of April 3rd, 2011, Tim Hortons had 3,782 systemwide restaurants, including 3,169 in Canada and 613 in the United States. More information about the Company is available atwww.timhortons.com.
CONTACTS:
INVESTORS: Scott Bonikowsky: (905) 339-6186 orinvestor_relations@timhortons.com
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