George Weston Ltd. increased quarterly dividend to 82 cents per share despite Q1 profit drop due to one-time charges.

George Weston Ltd. raised its quarterly dividend to 82 cents per share, despite a decrease in first-quarter profit linked to one-time charges from its large stake in Choice Properties REIT. The company's profit attributable to common shareholders totalled $236 million, a drop from $426 million in the same quarter last year. George Weston's revenue, however, increased to $13.74 billion from $13.13 billion a year earlier.