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CWB establishes an at-the-market equity program to support higher levels of accretive loan growthCanadian Western Bank (“CWB”) (TSX: CWB) today announced that it has established an at-the-market equity program (the “ATM Program”) that allows CWB to issue up to $150 million worth of common shares from treasury (“Common Shares”) to the public from time to time at the prevailing market price through the Toronto Stock Exchange or any other marketplace on which the Common Shares are listed, quoted or otherwise traded. The volume and timing of distributions under the ATM Program, if any, will be determined at CWB’s sole discretion.
CWB reports second quarter 2021 financial and strategic performanceCWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the three and six month periods ended April 30, 2021, with second quarter net income available to common shareholders of $72 million, up 40% compared to the same period last year. Second quarter pre-tax, pre-provision income was up 11% from the same period last year and down 3% sequentially, with three fewer interest-earning days compared to the prior quarter.
CWB declares dividends in May 2021Canadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.29 per common share (TSX:CWB), payable on June 24, 2021 to shareholders of record on June 10, 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 $0.2688125 per Series 5, $0.390625 per Series 7, and $0.375 per Series 9, all payable on July 31, 2021 to shareholders of record on July 23, 2021.
CWB ranked 28 on the 2021 list of 50 Best Workplaces in CanadaCWB Financial Group is delighted to be recognized as number 28 on this year’s Best Workplaces™ in Canada.