The Globe and Mail reports in its Wednesday edition that Kaspardlov, Laverty and Associates chief investment strategist Pat McHugh recommends buying Canadian Western Bank ($40.35). The Globe's John Heinzl writes in the Yield Hog column that Canadian Western Bank offers a yearly yield of 2 per cent. It has a three-year annualized dividend growth rate of 13 per cent. Canadian Western Bank may have a modest yield, but in recent years its dividend has grown at a faster clip than any of the Big Five banks, notes Mr. McHugh. He says if you plot the dividend on a graph, "it looks like a ladder leaning against a brick wall." Mr. McHugh sees more increases ahead. Mr. McHugh says, "Obviously they are Western-based and that's the part of Canada where the long-term growth potential exists." With interest rates at historic lows and many companies phasing out defined benefit pension plans, Mr. McHugh argues that a portfolio of dividend-growing stocks can provide a relatively safe and predictable stream of cash to supplement other sources of income in retirement. RBC analyst Andre-Philippe Hardy rated the shares "outperform" in the Eye column on Aug. 30, 2013, when they could be had for $29.49.