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
2024 Common Dividend Payment Dates
Dividends Paid in 2021-2024
Dividend Payment History
Eligible Dividend Designation
Dividend Policy
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 2024 are:
| Mar. 15 |
Apr. 1 |
| Jun. 15 |
Jul. 1 |
| Sep. 15 |
Oct. 1 |
| Dec. 15 |
Jan. 1 |
George Weston Limited Common Shares
[Top]
| Record Date |
Payment Date |
Dividend Declared (per share) |
Eligible/Ineligible |
| March 15, 2024 |
April 1, 2024 |
$0.71300 |
Eligible |
| 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 |
| Mar. 15, 2024 |
Apr. 1, 2024 |
$0.325 |
Eligible |
| 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 |
| Mar. 15, 2024 |
Apr. 1, 2024 |
$0.325 |
Eligible |
| 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 |
| Mar. 15, 2024 |
Apr. 1, 2024 |
$0.296875 |
Eligible |
| 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 |
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.