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CWB reports fourth quarter and full year 2020 financial and strategic performance
CWB Financial Group (TSX: CWB) (CWB) today announced financial performance for the year ended October 31, 2020, with annual net income available to common shareholders of $249 million and adjusted earnings per common share of $2.93, both down 7% from last year. Fourth quarter net income available to common shareholders of $63 million and adjusted earnings per common share of $0.75, were up 2% and 1%, respectively, from the third quarter.
CWB declares dividends in December 2020
Canadian 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 January 7, 2021 to shareholders of record on December 17, 2020. This quarterly dividend is up one cent, or 4%, from the dividend declared one year ago and consistent with 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 January 31, 2021 to shareholders of record on January 22, 2021
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