Canadian Western Bank Plans Quarterly Dividend of $0.26 (CWB)

Canadian Western Bank (TSE:CWB) declared a quarterly dividend on Thursday, December 6th, Zacks reports. Investors of record on Friday, December 14th will be given a dividend of 0.26 per share on Thursday, January 3rd. This represents a $1.04 annualized dividend and a yield of 3.90%. The ex-dividend date is Thursday, December 13th.

TSE:CWB opened at C$26.68 on Friday. Canadian Western Bank has a one year low of C$25.31 and a one year high of C$40.83.

In other Canadian Western Bank news, insider Lester Shore acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was bought at an average price of C$30.73 per share, for a total transaction of C$30,730.00. In the last 90 days, insiders bought 2,850 shares of company stock valued at $90,443.

A number of equities analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of Canadian Western Bank from C$38.00 to C$35.00 in a research note on Friday, November 16th. Royal Bank of Canada dropped their price objective on shares of Canadian Western Bank from C$42.00 to C$40.00 and set an “outperform” rating for the company in a research note on Friday, August 31st. Finally, Canaccord Genuity dropped their price objective on shares of Canadian Western Bank from C$38.00 to C$36.00 in a research note on Thursday, November 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$38.92.

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About Canadian Western Bank

Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.

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Dividend History for Canadian Western Bank (TSE:CWB)

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