Dividend Information 

George Weston is one of the longest-running dividend-paying companies in Canada. The declaration and payment of dividends on the Company’s common shares and the amount thereof are at the discretion of the Board of Directors.

Common and Preferred Share Information
2021 Common Dividend Payment Dates
Dividends Paid in 2019-2021
Dividend Payment History
Eligible Dividend Designation
Dividend Policy

Common and Preferred Share Information

Common Shares

At year end 2020, there were 152,374,416 common shares outstanding. The average 2020 daily trading volume of the Company’s common shares was 219,796.

Preferred Shares

At year end 2020, there were 9,400,000 preferred shares Series I, 8,000,000 preferred shares Series III, 8,000,000 preferred shares Series IV and 8,000,000 preferred shares Series V outstanding.

The average 2020 daily trading volume of the Company’s preferred shares was:

Series I: 5,989
Series III: 8,399
Series IV: 6,136
Series V: 4,362

Normal Course Issuer Bid

The Company has a Normal Course Issuer Bid on the Toronto Stock Exchange.

Value of Common Shares

For capital gains purposes, the valuation day (December 22, 1971) cost base for the Company, adjusted for the 4 for 1 stock split (effective May 27, 1986) and the 3 for 1 stock split (effective May 8, 1998), is $1.50 per share. The value on February 22, 1994 was $13.17 per share.

The declaration and payment of quarterly common dividends are made subject to approval by the Board. The anticipated record and payment dates for 2021 are:

Record Date Payment Date
Mar. 15 Apr. 1
Jun. 15 Jul. 1
Sep. 15 Oct. 1
Dec. 15 Jan. 1

Dividends Paid in 2019-21

George Weston Limited Common Shares [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Sep. 15, 2021 Oct. 1, 2021 $0.59945 Eligible
Sep. 15, 2021 Oct. 1, 2021 $0.00055 Ineligible
June 15, 2021 July 1, 2021 $0.54885 Eligible
June 15, 2021 July 1, 2021 $0.00115 Ineligible
Mar. 15, 2021 Apr. 1, 2021 $0.54885 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.00115 Ineligible
Dec. 15, 2020 Jan. 1, 2021 $0.54885 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.00115 Ineligible
Sep. 15, 2020 Oct. 1, 2020 $0.52385 Eligible
Sep. 15, 2020 Oct. 1, 2020 $0.00115 Ineligible
June 15, 2020 July 1, 2020 $0.52355 Eligible
June 15, 2020 July 1, 2020 $0.00145 Ineligible
Mar. 15, 2020 Apr. 1, 2020 $0.52352 Eligible
Mar. 15, 2020 Apr. 1, 2020 $0.00148 Ineligible
Dec. 15, 2019 Jan. 1, 2020 $0.52131 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.00369 Ineligible
Sep. 15, 2019 Oct. 1, 2019 $0.52131 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.00369 Ineligible
June 15, 2019 July 1, 2019 $0.52131 Eligible
June 15, 2019 July 1, 2019 $0.00369 Ineligible
Mar. 15, 2019 Apr. 1, 2019 $0.51131 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.00369 Ineligible
Dec. 15, 2018 Jan. 1, 2019 $0.50304 Eligible
Dec. 15, 2018 Jan. 1, 2019 $0.01196 Ineligible
George Weston Limited Preferred Shares Series I [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Aug. 31, 2021 Sep. 15, 2021 $0.3625 Eligible
May 31, 2021 June 15, 2021 $0.3625 Eligible
Feb. 28, 2021 Mar. 15, 2021 $0.3625 Eligible
Nov. 30, 2020 Dec. 15, 2020 $0.3625 Eligible
Aug. 31, 2020 Sep. 15, 2020 $0.3625 Eligible
May 31, 2020 June 15, 2020 $0.3625 Eligible
Feb. 29, 2020 Mar. 15, 2020 $0.3625 Eligible
Nov. 30, 2019 Dec. 15, 2019 $0.3625 Eligible
Aug. 31, 2019 Sep. 15, 2019 $0.3625 Eligible
May 31, 2019 June 15, 2019 $0.3625 Eligible
Feb. 28, 2019 Mar. 15, 2019 $0.3625 Eligible
George Weston Limited Preferred Shares Series III [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Sep. 15, 2021 Oct. 1, 2021 $0.325 Eligible
June 15, 2021 July 1, 2021 $0.325 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.325 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.325 Eligible
Sep. 15, 2020 Oct. 1, 2020 $0.325 Eligible
June 15, 2020 July 1, 2020 $0.325 Eligible
Mar. 15, 2020 Apr. 1, 2020 $0.325 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.325 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.325 Eligible
June 15, 2019 July 1, 2019 $0.325 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.325 Eligible
Dec. 15, 2018 Jan. 1, 2019 $0.325 Eligible
George Weston Limited Preferred Shares Series IV [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Sep. 15, 2021 Oct. 1, 2021 $0.325 Eligible
June 15, 2021 July 1, 2021 $0.325 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.325 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.325 Eligible
Sep. 15, 2020 Oct. 1, 2020 $0.325 Eligible
June 15, 2020 July 1, 2020 $0.325 Eligible
Mar. 15, 2020 Apr. 1, 2020 $0.325 Eligible
June 15, 2019 July 1, 2019 $0.325 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.325 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.325 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.325 Eligible
Dec. 15, 2018 Jan. 1, 2019 $0.325 Eligible
George Weston Limited Preferred Shares Series V [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Sep. 15, 2021 Oct. 1, 2021 $0.296875 Eligible
June 15, 2021 July 1, 2021 $0.296875 Eligible
Mar. 15, 2021 Apr. 1, 2021 $0.296875 Eligible
Dec. 15, 2020 Jan. 1, 2021 $0.296875 Eligible
Sep. 15, 2020 Oct. 1, 2020 $0.296875 Eligible
June 15, 2020 July 1, 2020 $0.296875 Eligible
Mar. 15, 2020 Apr. 1, 2020 $0.296875 Eligible
Dec. 15, 2019 Jan. 1, 2020 $0.296875 Eligible
Sep. 15, 2019 Oct. 1, 2019 $0.296875 Eligible
June 15, 2019 July 1, 2019 $0.296875 Eligible
Mar. 15, 2019 Apr. 1, 2019 $0.296875 Eligible
Dec. 15, 2018 Jan. 1, 2019 $0.296875 Eligible

Dividend Payment History

George Weston Limited Preferred Shares Series II [Top]
Record Date Payment Date Dividend Declared (per share) Eligible/Ineligible
Dec. 15, 2006 Jan. 1, 2007 $0.321875 Eligible
Mar. 15, 2007 Apr. 1, 2007 $0.321875 Eligible
Jun. 15, 2007 Jul. 1, 2007 $0.321875 Eligible
Sep. 15, 2007 Oct. 1, 2007 $0.321875 Eligible
Dec. 15, 2007 Jan. 1, 2008 $0.321875 Eligible
Mar. 15, 2008 Apr. 1, 2008 $0.321875 Eligible
Jun. 15, 2008 Jul. 1, 2008 $0.321875 Eligible
Sep. 15, 2008 Oct. 1, 2008 $0.321875 Eligible
Dec. 15, 2008 Jan. 1, 2009 $0.321875 Eligible
Mar. 15, 2009 Apr. 1, 2009 $0.321875 Eligible

George Weston Limited, for the purposes of the Income Tax Act and any similar provincial legislation, advises that dividends indicated as “Eligible” are eligible dividends and those indicated as “Ineligible” are not.

The declaration and payment of dividends on the Company’s common shares and the amount thereof are at the discretion of the Board of Directors which takes into account the Company’s financial results, capital requirements, available cash flow, future prospects of the Company’s business and other factors considered relevant from time to time. Over the long term, it is the Company’s intention to increase the amount of the dividend while retaining appropriate free cash flow to finance future growth.