CWB Raises Quarterly Dividend, Offers Reinvestment Plan

Canadian Western Bank (TSE:CWB) has released an update.

Canadian Western Bank (CWB) has raised its quarterly cash dividend to $0.35 per common share, a 3% increase from the previous quarter, and has also declared dividends for preferred shares Series 5 and Series 9. Shareholders have the option to reinvest their dividends through the Dividend Reinvestment Plan, with CWB issuing additional common shares from treasury. CWB emphasizes its unique focus on meeting the financial needs of businesses and their owners across Canada.

For further insights into TSE:CWB stock, check out TipRanks’ Stock Analysis page.