George Weston Preferred Shares Series IV Ex-Dividend Reminder

On 6/13/19, 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 7/1/19. As a percentage of WN.PRD's recent share price of $23.95, this dividend works out to approximately 1.36%, so look for shares of WN.PRD to trade 1.36% lower — all else being equal — when WN.PRD shares open for trading on 6/13/19. On an annualized basis, the current yield is approximately 5.44%.

As of last close, WN.PRD was trading at a 4.20% 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 up about 0.2% on the day, while the common shares (TSX: WN.TO) are off about 0.4%.

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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