George Weston Limited Announces Quarterly Dividend of $0.82 (TSE:WN)

George Weston Limited (TSE:WN) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Shareholders of record on Sunday, September 15th will be paid a dividend of 0.82 per share on Tuesday, October 1st. This represents a $3.28 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Friday, September 13th.

George Weston Trading Up 0.4 %

TSE:WN opened at C$213.82 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.25 and a debt-to-equity ratio of 159.31. The company’s 50 day moving average is C$200.07 and its 200-day moving average is C$186.64. The firm has a market cap of C$28.60 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 1.70 and a beta of 0.38. George Weston has a 12 month low of C$144.41 and a 12 month high of C$217.28.

George Weston (TSE:WN) last released its quarterly earnings results on Tuesday, May 7th. The company reported C$2.30 earnings per share (EPS) for the quarter. The company had revenue of C$13.74 billion during the quarter. George Weston had a net margin of 2.22% and a return on equity of 18.50%. Equities analysts anticipate that George Weston will post 12.1466667 EPS for the current year.

Insiders Place Their Bets

In related news, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of C$190.21, for a total value of C$951,043.50. In related news, Senior Officer Rashid Wasti sold 1,307 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of C$193.25, for a total transaction of C$252,577.75. Also, Senior Officer Richard Dufresne sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of C$190.21, for a total transaction of C$951,043.50. Insiders sold a total of 26,307 shares of company stock worth $5,071,972 over the last quarter. Company insiders own 58.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WN. TD Securities reduced their price objective on George Weston from C$246.00 to C$242.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Scotiabank raised their price target on shares of George Weston from C$200.00 to C$212.00 and gave the stock a “sector perform” rating in a research report on Monday, May 6th. CIBC upped their price objective on shares of George Weston from C$235.00 to C$254.00 and gave the company an “outperform” rating in a research report on Wednesday. Desjardins lifted their target price on George Weston from C$212.00 to C$232.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, BMO Capital Markets upped their price target on George Weston from C$196.00 to C$220.00 and gave the company a “market perform” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$229.67.

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.