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

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

George Weston Stock Up 3.5 %

Shares of TSE:WN opened at C$164.88 on Wednesday. The firm has a 50 day simple moving average of C$148.87 and a 200 day simple moving average of C$151.19. George Weston has a 52 week low of C$130.81 and a 52 week high of C$165.32. The company has a debt-to-equity ratio of 150.48, a quick ratio of 0.78 and a current ratio of 1.38. The company has a market cap of C$23.87 billion and a PE ratio of 14.80.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. TD Securities upped their price target on shares of George Weston from C$185.00 to C$190.00 and gave the stock a “buy” rating in a research note on Friday, November 18th. CIBC increased their price target 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 lifted their price objective 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, Scotiabank set a C$168.00 target price on shares of George Weston and gave the stock a “sector perform” rating in a research report on Monday, October 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$182.40.

George Weston Company Profile

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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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