George Weston Limited (WN) To Go Ex-Dividend on June 14th

George Weston Limited (TSE:WN) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Shareholders of record on Saturday, June 15th will be paid a dividend of 0.82 per share on Monday, July 1st. This represents a $3.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from George Weston’s previous quarterly dividend of $0.71.

George Weston Stock Up 1.7 %

Shares of George Weston stock opened at C$190.50 on Thursday. The company has a debt-to-equity ratio of 158.23, a current ratio of 1.24 and a quick ratio of 0.73. George Weston has a 1-year low of C$144.41 and a 1-year high of C$194.02. The business has a 50-day moving average of C$181.00 and a 200-day moving average of C$170.65. The company has a market capitalization of C$25.61 billion, a PE ratio of 17.70, a P/E/G ratio of 1.70 and a beta of 0.38.

George Weston (TSE:WN) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$2.51 earnings per share for the quarter. George Weston had a return on equity of 19.71% and a net margin of 2.56%. The firm had revenue of C$14.70 billion during the quarter. As a group, equities analysts forecast that George Weston will post 11.8758003 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WN shares. BMO Capital Markets upped their target price on shares of George Weston from C$185.00 to C$196.00 in a research note on Wednesday. Royal Bank of Canada upped their price objective on George Weston from C$216.00 to C$218.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Scotiabank lifted their target price on George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday. Desjardins upped their price target on George Weston from C$205.00 to C$212.00 in a research report on Wednesday. Finally, TD Securities raised their price objective on George Weston from C$226.00 to C$227.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$216.67.

Insider Transactions at George Weston

In other George Weston news, Senior Officer Andrew Michael Bunston sold 1,606 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$181.51, for a total value of C$291,506.51. In related news, Director Willard Galen Garfield Weston sold 79,200 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of C$144.88, for a total value of C$11,474,503.92. Also, Senior Officer Andrew Michael Bunston sold 1,606 shares of George Weston stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$181.51, for a total value of C$291,506.51. In the last ninety days, insiders have sold 151,008 shares of company stock worth $24,350,724. 58.21% of the stock is currently owned by company insiders.

George Weston Company Profile

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.