Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In George Weston Limited (TSE:WN) For Its Upcoming Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see George Weston Limited (TSE:WN) is about to trade ex-dividend in the next four 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase George Weston's shares before the 14th of March in order to be eligible for the dividend, which will be paid on the 1st of April.

The company's next dividend payment will be CA$0.713 per share, on the back of last year when the company paid a total of CA$2.85 to shareholders. Based on the last year's worth of payments, George Weston has a trailing yield of 1.6% on the current stock price of CA$181.94. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether George Weston has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for George Weston