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Loblaw’s Galen G. Weston
Loblaw’s Galen G. Weston
(Chris Young/THE CANADIAN PRESS)

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With cash in hand, what’s the way forward for Loblaw?

Six years after taking charge of his family’s core Loblaw Cos. business, Galen G. Weston is finally upgrading shareholders from the No Name aisle to President’s Choice. Last month, Loblaw increased the dividend for the first time since he took over as executive chairman, albeit by a modest 1 cent per share. Now, the company is shifting most of its undervalued bricks and dirt into a real estate investment trust, feeding investor thirst for REITs.