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 2017 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 2017 are: March 31, June 30, September 30 and December 31.

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or the balance o
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2015
are: September 3
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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 (PerShare) Eligible / Ineligible
June 15, 2010 July 1, 2010 $0.19547 Eligible
June 15, 2010 July 1, 2010 $0.01453 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
Dec. 15, 2014 Dec. 30, 2014 $0.23836 Eligible
Dec. 15, 2014 Dec. 30, 2014 $0.00664 Ineligible
Mar. 15, 2015 Apr. 1, 2015 $0.23651 Eligible
Mar. 15, 2015 Apr. 1, 2015 $0.00849 Ineligible
June 15, 2015 July 1, 2015 $0.24170 Eligible
June 15, 2015 July 1, 2015 $0.00830 Ineligible
Sept. 15, 2015 Oct. 1, 2015 $0.24210 Eligible
Sept. 15, 2015 Oct. 1, 2015 $0.00790 Ineligible
Dec. 15, 2015 Dec. 30, 2015 $0.00772 Ineligible
Dec. 15, 2015 Dec. 30, 2015 $0.24228 Eligible
March 15, 2016 April 1, 2016 $0.24498 Eligible
March 15, 2016 April 1, 2016 $0.00502 Ineligible
June 15, 2016 July 1, 2016 $0.25300 Eligible
June 15, 2016 July 1, 2016 $0.00700 Ineligible
September 15, 2016 October 1, 2016 $0.25245 Eligible
September 15, 2016 October 1, 2016 $0.00755 Ineligible
December 15, 2016 December 30, 2016  $0.24972 Eligible
December 15, 2016
December 30, 2016  $0.01028  Ineligible
March 15, 2017 April 1, 2017 $0.25633 Eligible
March 15, 2017 April 1, 2017 $0.00367 Ineligible
June 15, 2017 July 1, 2017 $0.26575 Eligible
June 15, 2017 July 1, 2017 $0.00425 Ineligible
September 15, 2017 October 1, 2017 $0.26586 Eligible
September 15, 2017 October 1, 2017 $0.00414 Ineligible
December 15, 2017 December 30, 2017 $0.26660 Eligible
December 15, 2017 December 30, 2017 $0.00340 Ineligible

Loblaw Companies Limited Second Preferred Shares, Series A

Per its June 1, 2015 news release, Loblaw announced the redemption of all of its outstanding Second Preferred Shares, Series A (TSX:L.PR.A) for cash on July 31, 2015
Record Date Payment Date Dividend Declared (PerShare) 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
Jan. 15, 2015 Jan. 31, 2015 $0.371875 Eligible
Apr. 15, 2015 Apr. 30, 2015 $0.371875 Eligible
July 15, 2015 July 31, 2015 $0.371875 Eligible

Loblaw Companies Limited Second Preferred Shares, Series B

Record Date Payment Date Dividend Declared (PerShare) Eligible / Ineligible
Sept. 15, 2015 Sept. 30, 2015 $0.41021 Eligible
Dec. 15, 2015 Dec. 31, 2015 $0.331250 Eligible
March 15, 2016 March 31, 2016 $0.331250 Eligible
June 15, 2016 June 30, 2016 $0.331250 Eligible
September 15, 2016 September 30, 2016 $0.331250 Eligible
December 15, 2016 December 31, 2016 $0.331250 Eligible
March 15, 2017 March 31, 2017 $0.331250 Eligible
June 15, 2017 June 30, 2017 $0.331250 Eligible
September 15, 2017 September 30, 2017 $0.331250 Eligible
December 15, 2017 December 31, 2017 $0.331250 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.