Loblaw Parent to Pay Special Dividend

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.

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. 1

Register to view the full article

test - Advanced Registered User

Already a member? .