George Weston Limited (TSE:WN) announced a quarterly dividend on Tuesday, November 21st, Zacks reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.455 per share on Monday, January 1st. This represents a $1.82 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, December 14th.
Shares of George Weston (TSE:WN) traded up C$0.89 during midday trading on Friday, reaching C$110.77. 101,100 shares of the company’s stock were exchanged, compared to its average volume of 130,334. George Weston has a one year low of C$104.49 and a one year high of C$125.67.
WN has been the topic of a number of research reports. Barclays reduced their price target on shares of George Weston from C$114.00 to C$113.00 in a report on Wednesday, November 22nd. CIBC reduced their price target on shares of George Weston from C$123.00 to C$119.00 in a report on Wednesday, November 22nd. Royal Bank Of Canada reduced their price target on shares of George Weston from C$145.00 to C$144.00 and set an “outperform” rating on the stock in a report on Monday, November 20th. BMO Capital Markets restated an “outperform” rating and issued a C$129.00 target price on shares of George Weston in a report on Wednesday, November 22nd. Finally, Scotiabank reduced their target price on shares of George Weston from C$130.00 to C$115.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of C$122.83.
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About George Weston
George Weston Limited is a holding company engaged in food processing and distribution business. The Company, through its two operating segments, Weston Foods and Loblaw, holds cash, short-term investments and a direct investment in Choice Properties Real Estate Investment Trust (Choice Properties). The Weston Foods operating segment includes a fresh bakery business in Canada, and frozen, artisan style bakery and biscuit businesses throughout North America.
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