EDMONTON, AB, May 26, 2023 /CNW/ - Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share (TSX: CWB), payable on June 22, 2023 to shareholders of record on June 8, 2023. This quarterly dividend is up one cent, or 3%, from the prior quarter and two cents, or 6%, from the dividend declared one year ago. The Board of Directors also declared quarterly cash dividends for preferred shares of $0.2688125 per Series 5 and $0.375 per Series 9, payable on July 31, 2023 to shareholders of record on July 24, 2023.
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