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TORONTO, ONTARIO--(Marketwire - March 21, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Morneau Shepell Inc. ("MSI") (TSX:MSI) announced today a cash dividend of $0.065 per share for the month of March 2011, to be paid April 15, 2011 to holders of record of shares of MSI on March 31, 2011.

MSI designates this dividend to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and similar provincial and territorial legislation.

Morneau Shepell Inc. is the largest Canadian based human resources consulting and outsourcing firm focused on pension, benefit, employee assistance programs and other workplace health and productivity solutions. It offers solutions to assist employers in supporting the financial security, health and productivity of their employees. With approximately 2,300 employees in offices across North America, Morneau Shepell Inc. provides services to organizations across Canada, in the United States and around the globe.