Published on 10 Sep 2021 on Simply Wall St. via Yahoo Finance

George Weston Limited (TSE:WN) Goes Ex-Dividend Soon

It looks like George Weston Limited (TSE:WN) is about to go ex-dividend in the next 3 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase George Weston's shares before the 14th of September to receive the dividend, which will be paid on the 1st of October.

The company's upcoming dividend is CA$0.60 a share, following on from the last 12 months, when the company distributed a total of CA$2.20 per share to shareholders. Based on the last year's worth of payments, George Weston stock has a trailing yield of around 1.8% on the current share price of CA$136.89. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether George Weston has been able to grow its dividends, or if the dividend might be cut.

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