Loblaw Announces Dividend Reinvestment Program

=Arguing that conservation of cash was a key priority in the current economic environment, Loblaw here on Wednesday announced a plan to allow shareholders to receive dividends in the form of discounted stock.

TORONTO — Arguing that conservation of cash was a key priority in the current economic environment, Loblaw here on Wednesday announced a plan to allow shareholders to receive dividends in the form of discounted stock.

Loblaw said it could raise $300 million of equity through the program, in which investors can convert dividends to additional common shares at a 3% discount to the average market price. The company’s largest shareholder, George Weston Ltd., has pledged to particip

Register to view the full article

test - Advanced Registered User

Already a member? .