Markets

Cash Dividend On The Way From George Weston Preferred Shares Series III

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 6/14/18, George Weston Ltd's Preferred Shares Series III (TSX: WN-PRC.TO ) will trade ex-dividend, for its quarterly dividend of $0.325, payable on 7/1/18. As a percentage of WN.PRC's recent share price of $23.81, this dividend works out to approximately 1.36%, so look for shares of WN.PRC to trade 1.36% lower - all else being equal - when WN.PRC shares open for trading on 6/14/18. On an annualized basis, the current yield is approximately 5.45%.

As of last close, WN.PRC was trading at a 4.64% discount to its liquidation preference amount. The chart below shows the one year performance of WN.PRC shares, versus WN:

Performance Comparison Chart

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

WN.PRC+Dividend+History+Chart

In Tuesday trading, George Weston Ltd's Preferred Shares Series III (TSX: WN-PRC.TO ) is currently down about 0.1% on the day, while the common shares (TSX: WN.TO ) are off about 0.3%.

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


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

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