Canadian Western Bank Increases Dividend
The Board of Directors today approved a quarterly dividend of $0.16 per common share, payable on January 4, 2007 to shareholders of record on December 19, 2006. This dividend represents a 14% increase over the previous quarterly dividend and is 33% higher than the quarterly dividend declared one year ago. The Board also declared a stock dividend of one common share per common share held, payable on January 18, 2007 to shareholders of record on January 11, 2007, effectively achieving a two-for-one split of the Bank’s common shares.
