Canadian Western Bank (CWB) Declares Quarterly Dividend of $0.25
Canadian Western Bank (TSE:CWB) announced a quarterly dividend on Thursday, March 8th, Zacks reports. Investors of record on Friday, March 16th will be given a dividend of 0.25 per share on Friday, March 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Thursday, March 15th. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.24.
Canadian Western Bank (TSE CWB) traded up C$0.11 during midday trading on Wednesday, hitting C$35.55. The company had a trading volume of 58,122 shares, compared to its average volume of 290,973. Canadian Western Bank has a one year low of C$23.68 and a one year high of C$40.83. The company has a market capitalization of $3,160.00, a price-to-earnings ratio of 13.83 and a beta of 1.03.
Several equities research analysts recently weighed in on the company. Scotiabank dropped their price target on Canadian Western Bank from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Friday, March 9th. Barclays lifted their price objective on Canadian Western Bank from C$36.00 to C$37.00 in a research note on Friday, March 9th. CIBC lowered their price objective on Canadian Western Bank from C$42.00 to C$40.00 in a research note on Friday, March 9th. Royal Bank of Canada lowered their price objective on Canadian Western Bank from C$40.00 to C$39.00 and set an “outperform” rating for the company in a research note on Friday, March 9th. Finally, TD Securities lifted their price objective on Canadian Western Bank from C$39.00 to C$40.00 and gave the company a “hold” rating in a research note on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of C$38.85.
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Canadian Western Bank Company Profile
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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