TORONTO — The parent company of supermarket chain Loblaw Cos. said Thursday it would pay shareholders a special dividend of about $7.75 (Canadian) per share, representing a $1 billion payout to its shareholders. The dividend reflects parent company George Weston Ltd.’s significant cash balances and increasing stabilization of the financial markets, officials said in a statement. The dividend is payable Jan. 18.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.