George Weston Limited (WN) to Issue Quarterly Dividend of $0.82 on October 1st

George Weston Limited (TSE:WN) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Sunday, September 15th will be paid a dividend of 0.82 per share on Tuesday, October 1st. This represents a $3.28 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, September 13th.

George Weston Price Performance

Shares of TSE WN opened at C$213.82 on Thursday. The firm’s 50-day simple moving average is C$200.07 and its 200 day simple moving average is C$186.64. The stock has a market cap of C$28.60 billion, a P/E ratio of 22.58, a P/E/G ratio of 1.70 and a beta of 0.38. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31. George Weston has a fifty-two week low of C$144.41 and a fifty-two week high of C$217.28.

George Weston (TSE:WN) last announced its earnings results on Tuesday, May 7th. The company reported C$2.30 EPS for the quarter. The firm had revenue of C$13.74 billion for the quarter. George Weston had a return on equity of 18.50% and a net margin of 2.22%. Equities analysts expect that George Weston will post 12.1466667 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Desjardins boosted their target price on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Securities decreased their target price on shares of George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a report on Monday, July 22nd. BMO Capital Markets lifted their price objective on shares of George Weston from C$196.00 to C$220.00 and gave the stock a “market perform” rating in a research report on Wednesday. Scotiabank increased their price objective on George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. Finally, CIBC boosted their target price on George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$229.67.

Insiders Place Their Bets

In other George Weston news, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$190.49, for a total value of C$1,904,880.00. In other news, Senior Officer Richard Dufresne sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$190.49, for a total value of C$1,904,880.00. Also, Senior Officer Rashid Wasti sold 1,307 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total value of C$252,577.75. Insiders sold 26,307 shares of company stock worth $5,071,972 over the last three months. 58.49% of the stock is currently owned by corporate insiders.

About George Weston

George Weston Limited provides food and drug retailing, and financial services in Canada. The company operates through two segments, Loblaw Companies Limited (Loblaw) and Choice Properties Real Estate Investment Trust (Choice Properties). The Loblaw segment provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, and financial services.