* To pay C$7.74751 per share
* To pay on Jan 25 to shareholders of record Jan 18
Dec 15 (Reuters) - George Weston Ltd WN.TO, Canada's largest food processor and distributor, said it will pay a special, one-time dividend of C$1 billion.
The company, which owns No. 1 Canadian supermarket chain Loblaw Co (L.TO), will pay about C$7.75 per share to shareholders of record Jan. 18.
Last month, George Weston doubled its third-quarter profit to C$184 million. Its shares have risen about 3 percent since.
Shares of the Toronto-based company closed at C$79.38 on Wednesday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Vinu Pilakkott)