Dividend Information

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
2014 Common Dividend Payment Dates
Dividends Paid in 2014-15
Dividend Payment History
Eligible Dividend Designation
Dividend Policy

Common and Preferred Share Information

Common Shares

At year end 2013, there were 127,899,410 common shares outstanding. The average 2013 daily trading volume of the Company’s common shares was 108,435.

Preferred Shares

At year end 2013, 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 2013 daily trading volume of the Company’s preferred shares was:

Series I: 7,769
Series III: 8,067
Series IV: 6,981
Series V: 8,279

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.

2014 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 2014 are:

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

Dividends Paid in 2014-15

George Weston Limited Common Shares[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2014 Jan. 1, 2015 $0.41024 Eligible
Dec. 15, 2014 Jan. 1, 2015 $0.00976 Ineligible
Sep. 15, 2014 Oct. 1, 2014 $0.41013 Eligible
Sep. 15, 2014 Oct. 1, 2014 $0.00987 Ineligible
June 15, 2014 July 1, 2014 $0.40955 Eligible
June 15, 2014 July 1, 2014 $0.01045 Ineligible
Mar. 15, 2014 Apr. 1, 2014 $0.40065 Eligible
Mar. 15, 2014 Apr. 1, 2014 $0.01435 Ineligible
Dec. 15, 2013 Jan. 1, 2014 $0.39774 Eligible
Dec. 15, 2013 Jan. 1, 2014 $0.01726 Ineligible

George Weston Limited Preferred Shares Series I[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Nov. 30, 2014 Dec. 15, 2014 $0.3625 Eligible
Aug. 31, 2014 Sep. 15, 2014 $0.3625 Eligible
May 31, 2014 June 15, 2014 $0.3625 Eligible
Feb. 28, 2014 Mar. 15, 2014 $0.3625 Eligible

George Weston Limited Preferred Shares Series III[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2014 Jan. 1, 2015 $0.325 Eligible
Sep. 15, 2014 Oct. 1, 2014 $0.325 Eligible
June 15, 2014 July 1, 2014 $0.325 Eligible
Mar. 15, 2014 Apr. 1, 2014 $0.325 Eligible
Dec. 15, 2013 Jan. 1, 2014 $0.325 Eligible

George Weston Limited Preferred Shares Series IV[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2014 Jan. 1, 2015 $0.325 Eligible
Sep. 15, 2014 Oct. 1, 2014 $0.325 Eligible
June 15, 2014 July 1, 2014 $0.325 Eligible
Mar. 15, 2014 Apr. 1, 2014 $0.325 Eligible
Dec. 15, 2013 Jan. 1, 2014 $0.325 Eligible

George Weston Limited Preferred Shares Series V[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2014 Jan. 1, 2015 $0.296875 Eligible
Sep. 15, 2014 Oct. 1, 2014 $0.296875 Eligible
June 15, 2014 July 1, 2014 $0.296875 Eligible
Mar. 15, 2014 Apr. 1, 2014 $0.296875 Eligible
Dec. 15, 2013 Jan. 1, 2014 $0.296875 Eligible

Dividend Payment History

George Weston Limited Common Shares[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2006 Jan. 1, 2007 $0.33719 Eligible
Dec. 15, 2006 Jan. 1, 2007 $0.02221 Ineligible
Mar. 15, 2007 Apr. 1, 2007 $0.36000 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.32642 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.03358 Ineligible
Sep. 15, 2007 Oct. 1, 2007 $0.33588 Eligible
Sep. 15, 2007 Oct. 1, 2007 $0.02412 Ineligible
Dec. 15, 2007 Jan. 1, 2008 $0.33588 Eligible
Dec. 15, 2007 Jan. 1, 2008 $0.02412 Ineligible
Mar. 15, 2008 Apr. 1, 2008 $0.03358 Eligible
Mar. 15, 2008 Apr. 1, 2008 $0.02412 Ineligible
Jun. 15, 2008 Jul. 1, 2008 $0.34895 Eligible
Jun. 15, 2008 Jul. 1, 2008 $0.01105 Ineligible
Sep. 15, 2008 Oct. 1, 2008 $0.35055 Eligible
Sep. 15, 2008 Oct. 1, 2008 $0.00945 Ineligible
Dec. 15, 2008 Jan. 1, 2009 $0.35055 Eligible
Dec. 15, 2008 Jan. 1, 2009 $0.00945 Ineligible
Mar. 15, 2009 Apr. 1, 2009 $0.34820 Eligible
Mar. 15, 2009 Apr. 1, 2009 $0.01180 Ineligible
Jun. 15, 2009 Jul. 1, 2009 $0.34918 Eligible
Jun. 15, 2009 Jul. 1, 2009 $0.01082 Ineligible
Sep. 15, 2009 Oct. 1, 2009 $0.34918 Eligible
Sep. 15, 2009 Oct. 1, 2009 $0.01082 Ineligible
Dec. 15, 2009 Jan. 1, 2010 $0.34400 Eligible
Dec. 15, 2009 Jan. 1, 2010 $0.01600 Ineligible
Mar. 15, 2010 Apr. 1, 2010 $0.33754 Eligible
Mar. 15, 2010 Apr. 1, 2010 $0.02246 Ineligible
Jun. 15, 2010 Jul. 1, 2010 $0.34082 Eligible
Jun. 15, 2010 Jul. 1, 2010 $0.01918 Ineligible
Sep. 15, 2010 Oct. 1, 2010 $0.34082 Eligible
Sep. 15, 2010 Oct. 1, 2010 $0.01918 Ineligible
Dec. 15, 2010 Jan. 1, 2011 $0.33887 Eligible
Dec. 15, 2010 Jan. 1, 2011 $0.02113 Ineligible
Jan. 18, 2011 Jan. 25, 2011 $7.74751 Eligible
Mar. 15, 2011 Apr. 1, 2011 $0.34056 Eligible
Mar. 15, 2011 Apr. 1, 2011 $0.01944 Ineligible
Jun. 15, 2011 Jul. 1, 2011 $0.32514 Eligible
Jun. 15, 2011 Jul. 1, 2011 $0.03486 Ineligible
Sep. 15, 2011 Oct. 1, 2011 $0.32586 Eligible
Sep. 15, 2011 Oct. 1, 2011 $0.03414 Ineligible
Dec. 15, 2011 Jan. 1, 2012 $0.33929 Eligible
Dec. 15, 2011 Jan. 1, 2012 $0.02071 Ineligible
Mar. 15, 2012 Apr. 1, 2012 $0.33536 Eligible
Mar. 15, 2012 Apr. 1, 2012 $0.02464 Ineligible
Jun. 15, 2012 Jul. 1, 2012 $0.33546 Eligible
Jun. 15, 2012 Jul. 1, 2012 $0.02454 Ineligible
Sep. 15, 2012 Oct. 1, 2012 $0.33551 Eligible
Sep. 15, 2012 Oct. 1, 2012 $0.02449 Ineligible
Dec. 15, 2012 Jan. 1, 2013 $0.35483 Eligible
Dec. 15, 2012 Jan. 1, 2013 $0.02517 Ineligible
Mar. 15, 2013 Apr. 1, 2013 $0.36511 Eligible
Mar. 15, 2013 Apr. 1, 2013 $0.01489 Ineligible
Jun. 15, 2013 Jul. 1, 2013 $0.39936 Eligible
Jun. 15, 2013 Jul. 1, 2013 $0.01564 Ineligible
Sep. 15, 2013 Oct. 1, 2013 $0.39897 Eligible
Sep. 15, 2013 Oct. 1, 2013 $0.01603 Ineligible

George Weston Limited Preferred Shares Series I[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Feb. 28, 2007 Mar. 15, 2007 $0.36250 Eligible
May 31, 2007 Jun. 15, 2007 $0.35616 Eligible
May 31, 2007 Jun. 15, 2007 $0.00634 Ineligible
Aug. 31, 2007 Sep. 15, 2007 $0.36085 Eligible
Aug. 31, 2007 Sep. 15, 2007 $0.00165 Ineligible
Nov. 30, 2007 Dec. 15, 2007 $0.36085 Eligible
Nov. 30, 2007 Dec. 15, 2007 $0.00165 Ineligible
Feb. 29, 2008 Mar. 15, 2008 $0.36085 Eligible
Feb. 29, 2008 Mar. 15, 2008 $0.00165 Ineligible
May 31, 2008 Jun. 15, 2008 $0.36041 Eligible
May 31, 2008 Jun. 15, 2008 $0.00209 Ineligible
Aug. 31, 2008 Sep. 15, 2008 $0.36072 Eligible
Aug. 31, 2008 Sep. 15, 2008 $0.00178 Ineligible
Nov. 30, 2008 Dec. 15, 2008 $0.36072 Eligible
Nov. 30, 2008 Dec. 15, 2008 $0.00178 Ineligible
Feb. 28, 2009 Mar. 15, 2009 $0.36027 Eligible
Feb. 28, 2009 Mar. 15, 2009 $0.00223 Ineligible
May 31, 2009 Jun. 15, 2009 $0.36045 Eligible
May 31, 2009 Jun. 15, 2009 $0.00205 Ineligible
Aug. 31, 2009 Sep. 15, 2009 $0.36045 Eligible
Aug. 31, 2009 Sep. 15, 2009 $0.00205 Ineligible
Nov. 30, 2009 Dec. 15, 2009 $0.35947 Eligible
Nov. 30, 2009 Dec. 15, 2009 $0.00302 Ineligible
Feb. 28, 2010 Mar. 15, 2010 $0.35834 Eligible
Feb. 28, 2010 Mar. 15, 2010 $0.00416 Ineligible
May 31, 2010 Jun. 15, 2010 $0.35887 Eligible
May 31, 2010 Jun. 15, 2010 $0.00363 Ineligible
Aug. 31, 2010 Sep. 15, 2010 $0.35883 Eligible
Aug. 31, 2010 Sep. 15, 2010 $0.00367 Ineligible
Nov. 30, 2010 Dec. 15, 2010 $0.35887 Eligible
Nov. 30, 2010 Dec. 15, 2010 $0.00363 Ineligible
Feb. 28, 2011 Mar. 15, 2011 $0.36250 Eligible
May 31, 2011 Jun. 15, 2011 $0.35657 Eligible
May 31, 2011 Jun. 15, 2011 $0.00593 Ineligible
Aug. 31, 2011 Sep. 15, 2011 $0.35905 Eligible
Aug. 31, 2011 Sep. 15, 2011 $0.00345 Ineligible
Nov. 30, 2011 Dec. 15, 2011 $0.35631 Eligible
Nov. 30, 2011 Dec. 15, 2011 $0.00619 Ineligible
Feb. 29, 2012 Mar. 15, 2012 $0.3625 Eligible
May 31, 2012 Jun. 15, 2012 $0.3625 Eligible
Aug. 31, 2012 Sep. 15, 2012 $0.3625 Eligible
Nov. 30, 2012 Dec. 15, 2012 $0.3625 Eligible
Feb. 28, 2013 Mar. 15, 2013 $0.3625 Eligible
May 31, 2013 Jun. 15, 2013 $0.3625 Eligible
Aug. 31, 2013 Sep. 15, 2013 $0.3625 Eligible
Nov. 30, 2013 Dec. 15, 2013 $0.3625 Eligible

George Weston Limited Preferred Shares Series II[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2006 Jan. 1, 2007 $0.321875 Eligible
Mar. 15, 2007 Apr. 1, 2007 $0.321875 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.321875 Eligible
Sep. 15, 2007 Oct. 1, 2007 $0.321875 Eligible
Dec. 15, 2007 Jan. 1, 2008 $0.321875 Eligible
Mar. 15, 2008 Apr. 1, 2008 $0.321875 Eligible
Jun. 15, 2008 Jul. 1, 2008 $0.321875 Eligible
Sep. 15, 2008 Oct. 1, 2008 $0.321875 Eligible
Dec. 15, 2008 Jan. 1, 2009 $0.321875 Eligible
Mar. 15, 2009 Apr. 1, 2009 $0.321875 Eligible

George Weston Limited Preferred Shares Series III[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2006 Jan. 1, 2007 $0.325 Eligible
Mar. 15, 2007 Apr. 1, 2007 $0.325 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.325 Eligible
Sep. 15, 2007 Oct. 1, 2007 $0.325 Eligible
Dec. 15, 2007 Jan. 1, 2008 $0.325 Eligible
Mar. 15, 2008 Apr. 1, 2008 $0.325 Eligible
Jun. 15, 2008 Jul. 1, 2008 $0.325 Eligible
Sep. 15, 2008 Oct. 1, 2008 $0.325 Eligible
Dec. 15, 2008 Jan. 1, 2009 $0.325 Eligible
Mar. 15, 2009 Apr. 1, 2009 $0.325 Eligible
Jun. 15, 2009 Jul. 1, 2009 $0.325 Eligible
Sep. 15, 2009 Oct. 1, 2009 $0.325 Eligible
Dec. 15, 2009 Jan. 1, 2010 $0.325 Eligible
Mar. 15, 2010 Apr. 1, 2010 $0.325 Eligible
Jun. 15, 2010 Jul. 1, 2010 $0.325 Eligible
Sep. 15, 2010 Oct. 1, 2010 $0.325 Eligible
Dec. 15, 2010 Jan. 1, 2011 $0.325 Eligible
Mar. 15, 2011 Apr. 1, 2011 $0.325 Eligible
Jun. 15, 2011 Jul. 1, 2011 $0.325 Eligible
Sep. 15, 2011 Oct. 1, 2011 $0.325 Eligible
Dec. 15, 2011 Jan. 1, 2012 $0.325 Eligible
Mar. 15, 2012 Apr. 1, 2012 $0.325 Eligible
Jun. 15, 2012 Jul. 1, 2012 $0.325 Eligible
Sep. 15, 2012 Oct. 1, 2012 $0.325 Eligible
Dec. 15, 2012 Jan. 1, 2013 $0.325 Eligible
Mar. 15, 2013 Apr. 1, 2013 $0.325 Eligible
Jun. 15, 2013 Jul. 1, 2013 $0.325 Eligible
Sep. 15, 2013 Oct. 1, 2013 $0.325 Eligible

George Weston Limited Preferred Shares Series IV[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2006 Jan. 1, 2007 $0.325 Eligible
Mar. 15, 2007 Apr. 1, 2007 $0.325 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.325 Eligible
Sep. 15, 2007 Oct. 1, 2007 $0.325 Eligible
Dec. 15, 2007 Jan. 1, 2008 $0.325 Eligible
Mar. 15, 2008 Apr. 1, 2008 $0.325 Eligible
Jun. 15, 2008 Jul. 1, 2008 $0.325 Eligible
Sep. 15, 2008 Oct. 1, 2008 $0.325 Eligible
Dec. 15, 2008 Jan. 1, 2009 $0.325 Eligible
Mar. 15, 2009 Apr. 1, 2009 $0.325 Eligible
Jun. 15, 2009 Jul. 1, 2009 $0.325 Eligible
Sep. 15, 2009 Oct. 1, 2009 $0.325 Eligible
Dec. 15, 2009 Jan. 1, 2010 $0.325 Eligible
Mar. 15, 2010 Apr. 1, 2010 $0.325 Eligible
Jun. 15, 2010 Jul. 1, 2010 $0.325 Eligible
Sep. 15, 2010 Oct. 1, 2010 $0.325 Eligible
Dec. 15, 2010 Jan. 1, 2011 $0.325 Eligible
Mar. 15, 2011 Apr. 1, 2011 $0.325 Eligible
Jun. 15, 2011 Jul. 1, 2011 $0.325 Eligible
Sep. 15, 2011 Oct. 1, 2011 $0.325 Eligible
Dec. 15, 2011 Jan. 1, 2012 $0.325 Eligible
Mar. 15, 2012 Apr. 1, 2012 $0.325 Eligible
Jun. 15, 2012 Jul. 1, 2012 $0.325 Eligible
Sep. 15, 2012 Oct. 1, 2012 $0.325 Eligible
Dec. 15, 2012 Jan. 1, 2013 $0.325 Eligible
Mar. 15, 2013 Apr. 1, 2013 $0.325 Eligible
Jun. 15, 2013 Jul. 1, 2013 $0.325 Eligible
Sep. 15, 2013 Oct. 1, 2013 $0.325 Eligible

George Weston Limited Preferred Shares Series V[Top]

Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2006 Jan. 1, 2007 $0.296875 Eligible
Mar. 15, 2007 Apr. 1, 2007 $0.296875 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.296875 Eligible
Sep. 15, 2007 Oct. 1, 2007 $0.296875 Eligible
Dec. 15, 2007 Jan. 1, 2008 $0.296875 Eligible
Mar. 15, 2008 Apr. 1, 2008 $0.296875 Eligible
Jun. 15, 2008 Jul. 1, 2008 $0.296875 Eligible
Sep. 15, 2008 Oct. 1, 2008 $0.296875 Eligible
Dec. 15, 2008 Jan. 1, 2009 $0.296875 Eligible
Mar. 15, 2009 Apr. 1, 2009 $0.296875 Eligible
Jun. 15, 2009 Jul. 1, 2009 $0.296875 Eligible
Sep. 15, 2009 Oct. 1, 2009 $0.296875 Eligible
Dec. 15, 2009 Jan. 1, 2010 $0.296875 Eligible
Mar. 15, 2010 Apr. 1, 2010 $0.296875 Eligible
Jun. 15, 2010 Jul. 1, 2010 $0.296875 Eligible
Sep. 15, 2010 Oct. 1, 2010 $0.296875 Eligible
Dec. 15, 2010 Jan. 1, 2011 $0.296875 Eligible
Mar. 15, 2011 Apr. 1, 2011 $0.296875 Eligible
Jun. 15, 2011 Jul. 1, 2011 $0.296875 Eligible
Sep. 15, 2011 Oct. 1, 2011 $0.296875 Eligible
Dec. 15, 2011 Jan. 1, 2012 $0.296875 Eligible
Mar. 15, 2012 Apr. 1, 2012 $0.296875 Eligible
Jun. 15, 2012 Jul. 1, 2012 $0.296875 Eligible
Sep. 15, 2012 Oct. 1, 2012 $0.296875 Eligible
Dec. 15, 2012 Jan. 1, 2013 $0.296875 Eligible
Mar. 15, 2013 Apr. 1, 2013 $0.296875 Eligible
Jun. 15, 2013 Jul. 1, 2013 $0.296875 Eligible
Sep. 15, 2013 Oct. 1, 2013 $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.