date:Feb 21, 2014
Canadian coffee and doughnut chain Tim Hortons Inc (THI.TO) reported higher-than-expected quarterly revenue on Thursday and announced a dividend increase and a share buyback plan.
Shares of Tim Hortons, which faced investor pressure last year to return capital, were up 3 percent at C$59.66 ($53.90). At Wednesday's close, the stock had fallen nearly 8 percent since the company last reported quarterly earnings in November.
Tim Hortons, which says it sells eight out of 10 cups of coffee in Canada