George Weston Limited Announces Quarterly Dividend of $0.66 (TSE:WN)

George Weston Limited (TSE:WNGet Rating) announced a quarterly dividend on Tuesday, November 22nd, Zacks reports. Stockholders of record on Thursday, December 15th will be paid a dividend of 0.66 per share on Sunday, January 1st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Wednesday, December 14th.

George Weston Price Performance

Shares of George Weston stock opened at C$164.88 on Wednesday. The firm has a fifty day simple moving average of C$148.87 and a 200-day simple moving average of C$151.19. The company has a current ratio of 1.38, a quick ratio of 0.78 and a debt-to-equity ratio of 150.48. George Weston has a 1-year low of C$130.81 and a 1-year high of C$165.32. The stock has a market capitalization of C$23.87 billion and a price-to-earnings ratio of 14.80.

Analysts Set New Price Targets

A number of analysts have recently weighed in on WN shares. Scotiabank set a C$168.00 price objective on shares of George Weston and gave the stock a “sector perform” rating in a research note on Monday, October 3rd. CIBC upped their target price on shares of George Weston from C$188.00 to C$193.00 in a research note on Tuesday, August 2nd. Royal Bank of Canada upped their target price on shares of George Weston from C$197.00 to C$203.00 and gave the company an “outperform” rating in a research note on Friday, November 18th. Finally, TD Securities upped their target price on shares of George Weston from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Friday, November 18th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$182.40.

About George Weston

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George Weston Limited provides food and drug retailing, and financial services in Canada and internationally. 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, health and beauty, apparel, general merchandise, and financial services.

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Dividend History for George Weston (TSE:WN)

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