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
2023 Common Dividend Payment Dates
Dividends Paid in 2021-2023
Dividend Payment History
Eligible Dividend Designation
Dividend Policy

Common and Preferred Share Information

Common Shares

At year end 2022, there were 140,737,942 common shares outstanding. The average 2022 daily trading volume of the Company’s common shares was 171,535.

Preferred Shares

At year end 2022, 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 2022 daily trading volume of the Company’s preferred shares was:

Series I: 5,714
Series III: 8,507
Series IV: 7,580
Series V: 6,734

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.

The declaration and payment of quarterly common dividends are made subject to approval by the Board. The anticipated record and payment dates for 2023 are:

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

Dividends Paid in 2021-2023

George Weston Limited Common Shares [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2023 Jan. 1, 2024 $0.71300 Eligible
Sep. 15, 2023 Oct. 1, 2023 $0.71300 Eligible
June 15, 2023 July 1, 2023 $0.71300 Eligible
March 15, 2023 April 1, 2023 $0.66000 Eligible
Dec. 15, 2022 Jan. 1, 2023 $0.66000 Eligible
Sep. 15, 2022 Oct. 1, 2022 $0.66000 Eligible
June 15, 2022 July 1, 2022 $0.66000 Eligible
March 15, 2022 April 1, 2022 $0.60000 Eligible
Dec. 15, 2021 Jan. 1, 2022 $0.59945 Eligible
Dec. 15, 2021 Jan. 1, 2022 $0.00055 Ineligible
Sep. 15, 2021 Oct. 1, 2021 $0.59945 Eligible
Sep. 15, 2021 Oct. 1, 2021 $0.00055 Ineligible
June 15, 2021 July 1, 2021 $0.54885 Eligible
June 15, 2021 July 1, 2021 $0.00115 Ineligible
Mar. 15, 2021 Apr. 1, 2021 $0.54885 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.00115 Ineligible
Dec. 15, 2020 Jan. 1, 2021 $0.54885 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.00115 Ineligible
George Weston Limited Preferred Shares Series I [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Feb. 29, 2024 Mar. 15, 2024 $0.3625 Eligible
Nov. 30, 2023 Dec. 15, 2023 $0.3625 Eligible
Aug. 31, 2023 Sep. 15, 2023 $0.3625 Eligible
May 31, 2023 June 15, 2023 $0.3625 Eligible
Feb. 28, 2023 Mar. 15, 2023 $0.3625 Eligible
Nov. 30, 2022 Dec. 15, 2022 $0.3625 Eligible
Aug. 31, 2022 Sep. 15, 2022 $0.3625 Eligible
May 31, 2022 June 15, 2022 $0.3625 Eligible
Feb. 28, 2022 Mar. 15, 2022 $0.3625 Eligible
Nov. 30, 2021 Dec. 15, 2021 $0.3625 Eligible
Aug. 31, 2021 Sep. 15, 2021 $0.3625 Eligible
May 31, 2021 June 15, 2021 $0.3625 Eligible
George Weston Limited Preferred Shares Series III [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2023 Jan. 1, 2024 $0.325 Eligible
Sep. 15, 2023 Oct. 1, 2023 $0.325 Eligible
June 15, 2023 July 1, 2023 $0.325 Eligible
Mar. 15, 2023 Apr. 1, 2023 $0.325 Eligible
Dec. 15, 2022 Jan. 1, 2023 $0.325 Eligible
Sep. 15, 2022 Oct. 1, 2022 $0.325 Eligible
June 15, 2022 July 1, 2022 $0.325 Eligible
Mar. 15, 2022 Apr. 1, 2022 $0.325 Eligible
Dec. 15, 2021 Jan. 1, 2022 $0.325 Eligible
Sep. 15, 2021 Oct. 1, 2021 $0.325 Eligible
June 15, 2021 July 1, 2021 $0.325 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.325 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.325 Eligible
George Weston Limited Preferred Shares Series IV [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2023 Jan. 1, 2024 $0.325 Eligible
Sep. 15, 2023 Oct. 1, 2023 $0.325 Eligible
June 15, 2023 July 1, 2023 $0.325 Eligible
Mar. 15, 2023 Apr. 1, 2023 $0.325 Eligible
Dec. 15, 2022 Jan. 1, 2023 $0.325 Eligible
Sep. 15, 2022 Oct. 1, 2022 $0.325 Eligible
June 15, 2022 July 1, 2022 $0.325 Eligible
Mar. 15, 2022 Apr. 1, 2022 $0.325 Eligible
Dec. 15, 2021 Jan. 1, 2022 $0.325 Eligible
Sep. 15, 2021 Oct. 1, 2021 $0.325 Eligible
June 15, 2021 July 1, 2021 $0.325 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.325 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.325 Eligible
George Weston Limited Preferred Shares Series V [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2023 Jan. 1, 2024 $0.296875 Eligible
Sep. 15, 2023 Oct. 1, 2023 $0.296875 Eligible
June 15, 2023 July 1, 2023 $0.296875 Eligible
Mar. 15, 2023 Apr. 1, 2023 $0.296875 Eligible
Dec. 15, 2022 Jan. 1, 2023 $0.296875 Eligible
Sep. 15, 2022 Oct. 1, 2022 $0.296875 Eligible
June 15, 2022 July 1, 2022 $0.296875 Eligible
Mar. 15, 2022 Apr. 1, 2022 $0.296875 Eligible
Dec. 15, 2021 Jan. 1, 2022 $0.296875 Eligible
Sep. 15, 2021 Oct. 1, 2021 $0.296875 Eligible
June 15, 2021 July 1, 2021 $0.296875 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.296875 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.296875 Eligible

Dividend Payment History

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, 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.

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.