Second Cup announced that its Board of Directors approved a quarterly dividend of $0.15 per common share for the quarter ended July 2, 2011. The dividend will be payable on August 31, 2011 to shareholders of record at the close of business on August 17, 2011. The dividend will be considered an eligible dividend for income tax purposes. Founded in 1975, Second Cup is Canada’s largest specialty coffee franchisor, operating more than 350 cafés across the country. The 5,000 Second Cup associates sell 1 million coffee and tea beverages every week.
