12:18:42 EDT Thu 22 Apr 2021
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Canadian Western Bank
Symbol CWB
Shares Issued 87,099,831
Close 2021-02-26 C$ 33.45
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Canadian Western declares 29-cent dividend

2021-02-26 07:41 ET - News Release

Mr. Chris Williams reports


Canadian Western Bank's board of directors has declared a quarterly cash dividend of 29 cents per common share, payable on March 25, 2021, to shareholders of record on March 11, 2021. This quarterly dividend is consistent with the dividends declared one year ago and last quarter. The board of directors also declared quarterly cash dividends for preferred shares of 26.88125 cents per Series 5, 39.0625 cents per Series 7 and 37.5 cents per Series 9, all payable on April 30, 2021, to shareholders of record on April 23, 2021.

In lieu of receiving their dividends in cash, holders of the bank's common and preferred shares may choose to have their dividends reinvested in additional common shares of the bank in accordance with the dividend reinvestment plan. Under the plan, the bank has the discretion to either purchase the additional common shares in the open market or issue them from treasury. For the dividends declared in February, 2021, the bank has elected to issue common shares for the plan from treasury at the average market price (as defined in the plan).

Any registered holder of record wishing to join the plan can obtain an enrolment form from Computershare (1-800-564-6253) or in the investor relations section on the bank's website. Beneficial or non-registered holders of the bank's common shares must contact their financial institution or broker to participate.

The bank, for the purposes of the Income Tax Act (Canada) and any similar provincial legislation, advises that its dividends declared in February, 2021, will be eligible dividends, unless otherwise indicated.

About Canadian Western Bank

The bank is a diversified financial services organization known for a highly pro-active client experience serving businesses and individuals across Canada. The bank's key business lines include full-service business and personal banking offered through branch locations of Canadian Western Bank, and personal banking through our digital channels, including Motive Financial. Highly responsive nationwide specialized financing is delivered under the banners of CWB Optimum Mortgage, CWB Equipment Financing, CWB National Leasing, CWB Maxium Financial and CWB Franchise Finance. Trust services are offered through CWB Trust Services. Comprehensive wealth management services are provided through CWB Wealth Management and its affiliate brands, including T.E. Wealth, Leon Frazer & Associates, CWB McLean & Partners, and Canadian Western Financial.

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