Dividend Information 

George Weston is one of the longest-running dividend-paying companies in Canada. The declaration and payment of dividends on the Company’s common shares and the amount thereof are at the discretion of the Board of Directors.

Common and Preferred Share Information
2020 Common Dividend Payment Dates
Dividends Paid in 2019-20
Dividend Payment History
Eligible Dividend Designation
Dividend Policy

Common and Preferred Share Information

Common Shares

At year end 2018, there were 153,370,108 common shares outstanding. The average 2018 daily trading volume of the Company’s common shares was 192,317.

Preferred Shares

At year end 2018, there were 9,400,000 preferred shares Series I, 8,000,000 preferred shares Series III, 8,000,000 preferred shares Series IV and 8,000,000 preferred shares Series V outstanding.

The average 2018 daily trading volume of the Company’s preferred shares was:

Series I: 4,094
Series III: 3,549
Series IV: 5,250
Series V: 2,379

Normal Course Issuer Bid

The Company has a Normal Course Issuer Bid on the Toronto Stock Exchange.

Value of Common Shares

For capital gains purposes, the valuation day (December 22, 1971) cost base for the Company, adjusted for the 4 for 1 stock split (effective May 27, 1986) and the 3 for 1 stock split (effective May 8, 1998), is $1.50 per share. The value on February 22, 1994 was $13.17 per share.

2020 Common Dividend Payment Dates [Top]

The declaration and payment of quarterly common dividends are made subject to approval by the Board. The anticipated record and payment dates for 2020 are:

Record Date Payment Date
Mar. 15 Apr. 1
Jun. 15 Jul. 1
Sep. 15 Oct. 1
Dec. 15 Jan. 1

Dividends Paid in 2019-20

George Weston Limited Common Shares[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2018 Jan. 1, 2019 $0.50304 Eligible
Dec. 15, 2018 Jan. 1, 2019 $0.01196 Ineligible
Mar. 15, 2019 Apr. 1, 2019 $0.51131 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.00369 Ineligible
June 15, 2019 July 1, 2019 $0.52131 Eligible
June 15, 2019 July 1, 2019 $0.00369 Ineligible
Sep. 15, 2019 Oct. 1, 2019 $0.52131 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.00369 Ineligible
Dec. 15, 2019 Jan. 1, 2020 $0.52131 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.00369 Ineligible

George Weston Limited Preferred Shares Series I[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Feb. 28, 2019 Mar. 15, 2019 $0.3625 Eligible
May 31, 2019 June 15, 2019 $0.3625 Eligible
Aug. 31, 2019 Sep. 15, 2019 $0.3625 Eligible
Nov. 30, 2018 Dec. 15, 2018 $0.3625 Eligible

George Weston Limited Preferred Shares Series III[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2018 Jan. 1, 2019 $0.325 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.325 Eligible
June 15, 2019 July 1, 2019 $0.325 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.325 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.325 Eligible

George Weston Limited Preferred Shares Series IV[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2018 Jan. 1, 2019 $0.325 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.325 Eligible
June 15, 2019 July 1, 2019 $0.325 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.325 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.325 Eligible

George Weston Limited Preferred Shares Series V[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2018 Jan. 1, 2019 $0.296875 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.296875 Eligible
June 15, 2019 July 1, 2019 $0.296875 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.296875 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.296875 Eligible

Dividend Payment History

George Weston Limited Common Shares[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2016 Jan. 1, 2017 $0.01315 Ineligible
Mar. 15, 2017 Apr. 1, 2017 $0.43730 Eligible
Mar. 15, 2017 Apr. 1, 2017 $0.00270 Ineligible
Jun. 15, 2017 Jul. 1, 2017 $0.45187 Eligible
Jun. 15, 2017 Jul. 1, 2017 $0.00313 Ineligible
Sep. 15, 2017 Oct. 1, 2017 $0.45195 Eligible
Sep. 15, 2017 Oct. 1, 2017 $0.00305 Ineligible
Dec. 15, 2017 Jan. 1, 2018 $0.43608 Eligible
Dec. 15, 2017 Jan. 1, 2018 $0.01892 Ineligible
Mar. 15, 2018 Apr. 1, 2018 $0.45219 Eligible
Mar. 15, 2018 Apr. 1, 2018 $0.00281 Ineligible
June 15, 2018 July 1, 2018 $0.48734 Eligible
June 15, 2018 July 1, 2018 $0.00266 Ineligible
Sep. 15, 2018 Oct. 1, 2018 $0.48788 Eligible
Sep. 15, 2018 Oct. 1, 2018 $0.00212 Ineligible

George Weston Limited Preferred Shares Series I[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Feb. 28, 2017 Mar. 15, 2017 $0.3625 Eligible
May 31, 2017 Jun. 15, 2017 $0.3625 Eligible
Aug. 31, 2017 Sep. 15, 2017 $0.3625 Eligible
Nov. 30, 2017 Dec. 15, 2017 $0.3625 Eligible
Feb. 28, 2018 Mar. 15, 2018 $0.3625 Eligible
May 31, 2018 June 15, 2018 $0.3625 Eligible
Aug. 31, 2018 Sep. 15, 2018 $0.3625 Eligible
Nov. 30, 2018 Dec. 15, 2018 $0.3625 Eligible

George Weston Limited Preferred Shares Series III[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2016 Jan. 1, 2017 $0.325 Eligible
Mar. 15, 2017 Apr. 1, 2017 $0.325 Eligible
Jun. 15, 2017 Jul. 1, 2017 $0.325 Eligible
Sep. 15, 2017 Oct. 1, 2017 $0.325 Eligible
Dec. 15, 2017 Jan. 1, 2018 $0.325 Eligible
Mar. 15, 2018 Apr. 1, 2018 $0.325 Eligible
June 15, 2018 July 1, 2018 $0.325 Eligible
Sep. 15, 2018 Oct. 1, 2018 $0.325 Eligible

George Weston Limited Preferred Shares Series IV[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2016 Jan. 1, 2017 $0.325 Eligible
Mar. 15, 2017 Apr. 1, 2017 $0.325 Eligible
Jun. 15, 2017 Jul. 1, 2017 $0.325 Eligible
Sep. 15, 2017 Oct. 1, 2017 $0.325 Eligible
Dec. 15, 2017 Jan. 1, 2018 $0.325 Eligible
Mar. 15, 2018 Apr. 1, 2018 $0.325 Eligible
June 15, 2018 July 1, 2018 $0.325 Eligible
Sep. 15, 2018 Oct. 1, 2018 $0.325 Eligible

George Weston Limited Preferred Shares Series V[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2016 Jan. 1, 2017 $0.296875 Eligible
Mar. 15, 2017 Apr. 1, 2017 $0.296875 Eligible
Jun. 15, 2017 Jul. 1, 2017 $0.296875 Eligible
Sep. 15, 2017 Oct. 1, 2017 $0.296875 Eligible
Dec. 15, 2017 Jan. 1, 2018 $0.296875 Eligible
Mar. 15, 2018 Apr. 1, 2018 $0.296875 Eligible
June 15, 2018 July 1, 2018 $0.296875 Eligible
Sep. 15, 2018 Oct. 1, 2018 $0.296875 Eligible

Eligible Dividend Designation[Top]

George Weston Limited, for the purposes of the Income Tax Act and any similar provincial legislation, advises that dividends indicated as “Eligible” are eligible dividends and those indicated as “Ineligible” are not.

Dividend Policy[Top]

The declaration and payment of dividends on the Company’s common shares and the amount thereof are at the discretion of the Board of Directors which takes into account the Company’s financial results, capital requirements, available cash flow, future prospects of the Company’s business and other factors considered relevant from time to time. Over the long term, it is the Company’s intention to increase the amount of the dividend while retaining appropriate free cash flow to finance future growth.