Loblaw Companies Limited Increases Dividend

Nov 14, 2012, 07:59 ET from Loblaw Companies Limited

Represents a 4.8% per share increase from the previous quarter

BRAMPTON, ON, Nov. 14, 2012 /CNW/ -Loblaw Companies Limited's (TSX: L) Board of Directors announced that it has declared a 4.8% increase in the quarterly dividend from $0.21 to $0.22 per common share.  This increase is effective with the Company's fourth quarter dividend and is payable December 30, 2012 to common shareholders of record as of December 15, 2012.

The Board of Directors also declared a quarterly dividend of $0.37 per Second Preferred Share, Series A, payable January 31, 2013, to shareholders of record January 15, 2013.

About Loblaw Companies Limited
Loblaw Companies Limited, a subsidiary of George Weston Limited, is Canada's largest food retailer and a leading provider of drugstore, general merchandise and financial products and services. Loblaw is one of the largest private sector employers in Canada. With more than 1,000 corporate and franchised stores from coast to coast, Loblaw and its franchisees employ more than 135,000 full-time and part-time employees. Through its portfolio of store formats, Loblaw is committed to providing Canadians with a wide, growing and successful range of products and services to meet the everyday household demands of Canadian consumers. Loblaw is known for the quality, innovation and value of its food offering. It offers Canada's strongest control (private) label program, including the unique President's Choice® no name® and Joe Fresh® brands. In addition, the Company makes available to consumers President's Choice® financial services and offers the PC® points loyalty program.

SOURCE Loblaw Companies Limited