Investor Centre
L.TO on TSX 56.71 +2.18 +4% Volume: 906,475 Pricing delayed 20 min Disclaimer October 24, 2014

Common Dividend Policy

The declaration and payment of dividends on the Company’s common shares and the amount thereof are at the discretion of the Board of Directors which takes into account the Company’s financial results, capital requirements, available cash flow, future prospects of the Company’s business and other factors considered relevant from time to time. Over the long term, it is the Company’s intention to increase the amount of the dividend while
retaining appropriate free cash flow to finance future growth.

Common Dividend Dates

The declaration and payment of quarterly dividends are made subject to approval by the Board of Directors. The anticipated record and payment dates for 2014 are:

RECORD DATE PAYMENT DATE
Mar. 15 Apr. 1
June 15 July 1
Sept. 15 Oct. 1
Dec. 15 Dec. 30

Preferred Share Dividend Dates

The declaration and payment of quarterly dividends are made subject to approval by the Board of Directors. The anticipated payment dates for 2014 are: January 31, April 30, July 31 and October 31.

Designation of Eligible Dividends

Loblaw Companies Limited, for the purposes of the Income Tax Act and any similar provincial legislation, advises that its dividends indicated as "Eligible" below are eligible dividends, and those indicated as "Ineligible" are not eligible dividends.

Loblaw Companies Limited Common Shares

Record Date                     Payment Date                       Dividend Declared (Per Share) Eligible/Ineligible
June 15, 2010 July 1, 2010 $0.19547 Eligible
June 15, 2010 July 1, 2010 $0.01453 Ineligible
Sept 15, 2010 Oct 1, 2010 $0.19553 Eligible
Sept. 15, 2010 Oct. 1, 2010 $0.01447 Ineligible
Dec. 15, 2010 Dec. 30, 2010 $0.19558 Eligible
Dec. 15, 2010 Dec. 30, 2010 $0.01442 Ineligible
Mar. 15, 2011 Apr. 1, 2011 $0.18690 Eligible
Mar. 15, 2011 Apr. 1, 2011 $0.02310 Ineligible
June 15, 2011 July 1, 2011 $0.18695 Eligible
June 15, 2011 July 1, 2011 $0.02305 Ineligible
Sept. 15, 2011 Oct 1, 2011
$0.19626  Eligible
Sept. 15, 2011 Oct 1, 2011
$0.01374  Ineligible
Dec. 15, 2011  Dec. 30, 2011 $0.19698  Eligible
Dec. 15, 2011 Dec. 30, 2011 $0.01302  Ineligible
Mar. 15, 2012 Apr. 1, 2012  $0.19219    Eligible
Mar. 15, 2012   Apr. 1, 2012    $0.01781   Ineligible  
June 15, 2012 July 1, 2012  $0.19226
 Eligible
June 15, 2012
July 1, 2012 
$0.01774
 Ineligible  
Sept. 15, 2012 Oct. 1, 2012  $0.19230   Eligible 
Sept. 15, 2012
Oct. 1, 2012  $0.01770   Ineligible 
Dec. 15, 2012
Dec 30, 2012 
$0.20181
 Eligible 
Dec. 15, 2012 Dec 30, 2012 
$0.01819
 Ineligible
Mar. 15, 2013 Apr. 1, 2013 $0.20929  Eligible
Mar. 15, 2013 Apr. 1, 2013 $0.01071  Ineligible
June 15, 2013  July 1, 2013 $0.22875
 Eligible
June 15, 2013 July 1, 2013 $0.01125  Ineligible
Sept. 15, 2013  Oct. 1, 2013 $0.22846  Eligible
Sept. 15, 2013  Oct. 1, 2013  $0.01154   Ineligible
Dec. 15, 2013  Dec. 30, 2013 $0.22756  Eligible
Dec. 15, 2013  Dec. 30, 2013 $0.01244   Ineligible
Mar. 15, 2014 Apr. 1, 2014 $0.22965  Eligible
Mar. 15, 2014 Apr. 1, 2014 $0.01035  Ineligible
June 15, 2014 July 1, 2014
$0.23789 Eligible
June 15, 2014
July 1, 2014
$0.00711 Ineligible
Sept. 15, 2014
Oct. 1, 2014
$0.23828 Eligible
Sept. 15, 2014 Oct. 1, 2014
$0.00672 Ineligible

Loblaw Companies Limited Second Preferred Shares, Series A

Record Date                     Payment Date                       Dividend Declared (Per Share) Eligible/ Ineligible
Apr. 15, 2010 Apr. 30, 2010 $0.371875 Eligible
July 15, 2010 July 31, 2010 $0.371875 Eligible
Oct. 15, 2010 Oct. 31, 2010 $0.371875 Eligible
Jan 15, 2011 Jan 31, 2011 $0.371875 Eligible
Apr 15, 2011 Apr 30, 2011 $0.371875 Eligible
July 15, 2011 July 31, 2011 $0.371875 Eligible
Oct. 15, 2011 Oct. 31, 2011 $0.371875 Eligible
Jan 15, 2012  Jan 31, 2012  $0.371875 Eligible 
Apr 15, 2012  Apr 30, 2012       $0.371875   Eligible   
July 15, 2012
July 31, 2012
$0.371875
Eligible
Oct 15, 2012 Oct 31, 2012
$0.371875  Eligible 
Jan 15, 2013 Jan 31, 2013 $0.371875 Eligible
Apr 15, 2013 Apr 30, 2013 $0.371875 Eligible
July 15, 2013 July 31, 2013 $0.371875 Eligible
Oct. 15, 2013 Oct. 31, 2013  $0.371875 Eligible
Jan. 15, 2013 Jan. 31, 2014  $0.371875 Eligible
Apr. 15, 2014 Apr. 30, 2014 $0.371875 Eligible
July 15, 2014 July 31, 2014
$0.371875 Eligible
Oct. 15, 2014
Oct. 31, 2014
$0.371875 Eligible


NOTICE OF TERMINATION OF LOBLAW DIVIDEND REINVESTMENT PLAN (“DRIP”)

As previously announced, the DRIP for Loblaw Companies Limited will terminate after the completion of the April 1, 2011 common share dividend payment. The termination of the DRIP was announced in the Company’s Q4 News Release issued on February 24, 2011. 

The Board of Directors of Loblaw Companies Limited approved the discontinuance of the DRIP after the dividend payment on April 1, 2011 when approximately $300 million in common share equity will be raised through the program.  This target was disclosed as part of the initial announcement of the DRIP.

A share certificate for whole common shares held under a Participant’s account under the DRIP and a cash payment for any fractions of a share held in such account, based on the closing price of the common shares on the TSX as of the close of the trading day following the date of the termination of the DRIP, will be remitted to the Participant.