George Weston Preferred Shares Series IV About To Put More Money In Your Pocket

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On 9/14/17, George Weston Ltd's Preferred Shares Series IV (TSX: WN-PRD.TO ) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 10/1/17. As a percentage of WN.PRD's recent share price of $24.48, this dividend works out to approximately 1.33%, so look for shares of WN.PRD to trade 1.33% lower - all else being equal - when WN.PRD shares open for trading on 9/14/17. On an annualized basis, the current yield is approximately 5.30%.

As of last close, WN.PRD was trading at a 1.88% discount to its liquidation preference amount. The chart below shows the one year performance of WN.PRD shares, versus WN:

Performance Comparison Chart

Below is a dividend history chart for WN.PRD, showing historical dividends prior to the most recent $0.325 on George Weston Ltd's Preferred Shares Series IV:


In Tuesday trading, George Weston Ltd's Preferred Shares Series IV (TSX: WN-PRD.TO ) is currently off about 0.2% on the day, while the common shares (TSX: WN.TO ) are trading flat.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas

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