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George Weston Ltd's Preferred Shares Series III Ex-Dividend Reminder

On 12/13/18, 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 1/1/19. As a percentage of WN.PRC's recent share price of $23.02, this dividend works out to approximately 1.41%, so look for shares of WN.PRC to trade 1.41% lower - all else being equal - when WN.PRC shares open for trading on 12/13/18. On an annualized basis, the current yield is approximately 5.67%.

As of last close, WN.PRC was trading at a 8.32% 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 up about 0.4% 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.


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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