George Weston Limited Declares Quarterly Dividend for 2025
George Weston Limited Announces Dividend Declaration
George Weston Limited's Board of Directors has made a significant announcement regarding its upcoming quarterly dividend. The company has declared a dividend amounting to $0.3625 per share on its Preferred Shares, Series I. This decision underscores George Weston Limited's commitment to delivering value to its shareholders.
Dividend Payment Details
The dividend is set to be payable to shareholders on March 15, 2025. To receive this dividend, shareholders must be on record by February 28, 2025. This move is anticipated to please investors looking for reliable income from their investments.
Profile of George Weston Limited
Founded in 1882, George Weston Limited has evolved into a significant player in the Canadian market. The company is primarily structured into two reportable operating segments: Loblaw Companies Limited and Choice Properties Real Estate Investment Trust. This diverse portfolio allows George Weston to leverage different aspects of the economy.
Loblaw Companies Limited
Loblaw Companies Limited is known for providing Canadians with a comprehensive range of products and services. This includes grocery and pharmacy items, health and beauty products, apparel, and general merchandise. Furthermore, the company offers financial services and wireless mobile products, catering to a wide array of consumer needs.
Choice Properties Real Estate Investment Trust
Choice Properties plays a pivotal role in the real estate segment of George Weston Limited. It focuses on managing and developing a quality portfolio of commercial and residential properties throughout Canada. This segment’s steady performance contributes significantly to the overall success of the parent company.
Comprehensive Commitment to Shareholders
George Weston Limited's decision to declare a dividend reflects its ongoing commitment to providing its shareholders with value and returns on their investments. The company's consistent performance in its diverse segments positions it well to uphold this commitment.
Future Prospects
Looking ahead, George Weston Limited aims to continue its successful trajectory in both the retail and real estate sectors. Its ability to adapt to market changes and consumer demands will be crucial in maintaining investor confidence and achieving sustainable growth.
Frequently Asked Questions
What is the amount of the declared dividend by George Weston Limited?
The declared dividend amount is $0.3625 per share on the Preferred Shares, Series I.
When is the dividend payable?
The dividend is scheduled to be payable on March 15, 2025.
What is the record date for shareholders to receive the dividend?
Shareholders must be on record by February 28, 2025, to qualify for the dividend payment.
What segments does George Weston Limited operate in?
The company operates through Loblaw Companies Limited and Choice Properties Real Estate Investment Trust.
How long has George Weston Limited been in operation?
George Weston Limited was founded in 1882, marking over a century of operations in Canada.
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