CWB Canadian Western Bank Group

Common shareholder information

Transfer Agent and Registrar
Computershare
100 University Avenue, 8th Floor
Toronto, ON M5J 2Y1 Canada
Phone: (800) 564-6253 
Fax: (888) 453-0330 
Website: www.investorcentre.com/CWB

Stock Exchange Listing
The Toronto Stock Exchange
Ticker Symbol: CWB
CUSIP Number: 13677F-10-1

Shares Outstanding
As at November 24, 2016, there were 88,122,562 common shares outstanding.  

Dividends and Dividend Dates for Fiscal 2017

Declaration date  Ex-dividend date  Record date   Payment date  Dividend declared  
Nov/30/2016  Dec/13/2016  Dec/15/2016  Jan/5/2017  $0.23 

 

Dividends and Dividend Dates for Fiscal 2016

Declaration date  Ex-dividend date   Record date  Payment date  Dividend declared
Dec/2/2015  Dec/13/2015  Dec/15/2015  Jan/7/2016  $0.23 
Mar/2/2016  Mar/15/2016  Mar/17/2016  Mar/31/2016  $0.23 
Jun/1/2016  Jun/18/2016     Jun/20/2016  Jun/30/2016 $0.23
Aug/31/2016  Sep/13/2016  Sep/15/2016  Sep/29/2016  $0.23 

 

Dividends and Dividend Dates for Fiscal 2015

Declaration date Ex-dividend date Record date Payment date Dividend declared
Dec/3/2014 Dec/14/2014 Dec/16/2014 Jan/8/2015 $0.21
Mar/4/2015  Mar/14/2015  Mar/16/2015  Mar/26/2015  $0.21 
Jun/4/2015  Jun/13/2015  Jun/15/2015  Jun/25/2015  $0.22 
Sep/3/2015  Sep/12/2015  Sep/14/2015  Sep/24/2015  $0.22 

 

Dividends and Dividend Dates for Fiscal 2014 

Declaration date Ex-dividend date Record date Payment date Dividend declared
Dec/4/2013  Dec/15/2013  Dec/17/2013  Jan/9/2014 $0.19
Mar/5/2014  Mar/15/2014  Mar/17/2014  Mar/27/2014 $0.19
Jun/4/2014  Jun/14/2014  Jun/16/2014  Jun/26/2014 $0.20
Aug/27/2014   Sep/13/2014   Sep/15/2014  Sep/25/2014 $0.20 

  

Dividends and Dividend Dates for Fiscal 2013 

Declaration date  Ex-dividend date  Record date  Payment date  Dividend declared
Dec/3/2012  Dec/13/2012   Dec/17/2012   Jan/4/2013  $0.17 
Mar/6/2013  Mar/19/2013  Mar/21/2013  Mar/28/2013 $0.17
Jun/5/2013  Jun/18/2013  Jun/20/2013  Jun/27/2013 $0.18
Aug/28/2013  Sep/17/2013  Sep/19/2013  Sep/26/2013 $0.18

 
Dividends and Dividend Dates for Fiscal 2012  

Declaration date  Ex-dividend date  Record date  Payment date  Dividend declared
Dec/5/2011   Dec/20/2011   Dec/22/2011   Jan/4/2011 $0.15
Mar/7/2012   Mar/20/2012   Mar/22/2012   Apr/5/2012 $0.15
Jun/6/2012   Jun/19/2012   Jun/21/2012   Jul/5/2012 $0.16
Aug/29/2012   Sep/11/2012   Sep/13/2012   Sep/27/2012 $0.16

 
Dividends and Dividend Dates for Fiscal 2011  

Declaration date  Ex-dividend date  Record date  Payment date  Dividend declared
Dec/6/2010   Dec/28/2010   Dec/30/2010   Jan/13/2011 $0.13
Mar/2/2011   Mar/15/2011   Mar/17/2011   Mar/31/2011 $0.13
Jun/1/2011   Jun/14/2011   Jun/16/2011   Jun/30/2011 $0.14
Sep/1/2011   Sep/13/2011   Sep/15/2011   Sep/29/2011 $0.14

 

Dividends and Dividend Dates for Fiscal 2010 

Declaration date  Ex-dividend date  Record date  Payment date  Dividend declared
Dec/2/2009  Dec/22/2009   Dec/24/2009   Jan/8/2010 $0.11
Mar/3/2010  Mar/16/2010   Mar/18/2010   Apr/1/2010 $0.11
Jun/2/2010   Jun/15/2010   Jun/17/2010   Jul/2/2010 $0.11
Sep/1/2010  Sep/14/2010   Sep/16/2010   Sep/30/2010 $0.11

 

Canadian Western Bank's (the “Bank”) Dividend Reinvestment Plan (the “Plan”) provides holders of the Bank’s common shares and holders of any other class of shares deemed eligible by the Bank’s Board of Directors (together being “Eligible Shares”), with the opportunity to direct cash dividends paid on any class of their Eligible Shares toward the purchase of additional common shares. Currently, the Board has deemed that holders of the Bank’s Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 5 are eligible to participate in the Plan.

Common shares are purchased by a Plan Agent who acts on behalf of holders who have elected to participate in the Plan. The Plan Agent purchases such common shares, as directed by the Bank, directly from the Bank or on the open market through the facilities of the Toronto Stock Exchange. Shares purchased by the Plan Agent from the Bank are purchased at the Average Market Price (as defined in Section 7(a) of the Plan), or at up to 5% discount on the Average Market Price. Common shares purchased by the Plan Agent in the open market are purchased at the Average Purchase Price (as defined in Section 7(b) of the Plan).

The Bank will indicate in its quarterly financial press releases whether Shares will be purchased from the Bank or purchased on the open market. If Shares are to be purchased from the Bank, the Bank will also indicate the applicable discount, if any.

The most recent press release issued by the Bank regarding the Plan is available in the news section.

The common shares and preferred shares of the Bank are listed on the Toronto Stock Exchange under the trading symbols CWB and CWB.PR.B, respectively.

Please consult the Dividend Reinvestment Plan for more information around the Plan. The enrolment form is available here.

For any questions regarding the Plan, please phone, write or e-mail the Plan Agent:

Computershare
100 University Avenue, 8th Floor
Toronto, ON M5J 2Y1
Attention: Investor Relations
Telephone: 1-800-564-6253
Fax: 1-888-453-0330
Website: www.investorcentre.com/CWB

Alternatively, holders may consult Canadian Western Bank’s investor relations department:

Canadian Western Bank
Investor Relations
Suite 3000, 10303 Jasper Avenue
Edmonton, AB T5J 3X6
Telephone: (780) 441-3770
Toll free: 1-800-836-1886
Fax: (780) 969-8326
E-mail: InvestorRelations@cwbank.com

What is a dividend reinvestment plan (DRIP)?
A DRIP is a company sponsored stock purchase plan that gives eligible shareholders the option to direct their cash dividends towards the purchase of additional CWB common shares (or fractions thereof).
What are the potential advantages for shareholders who participate in the DRIP?

Lower cost investing – CWB incurs the costs of the plan which allows DRIP participants to buy shares without incurring brokerage, commission or other related fees. For dividends declared commencing in December 2014, CWB has elected to issue common shares for the Plan from treasury with no discount from the average market price, compared to a 2% discount in prior periods. 

Compounding – shares purchased through the DRIP are eligible for dividends on the next dividend date

Full reinvestment – where dividends are not divisible into whole shares, a participant receives a fractional share interest

Dollar cost averaging – dividends are reinvested at the applicable average market price on each dividend date

DRIP participation is voluntary and investors can choose to terminate their enrollment at any time

CWB’s preferred shares are also eligible under the DRIP and participants may choose to have their preferred share dividends directed toward the purchase of additional common shares

What are the risks for shareholders who participate in the DRIP?
As with any equity investment, CWB’s common and preferred shares are subject to various market and other risks, including market price volatility. Before participating, all shareholders are advised to consult their financial advisors and to read the complete text of the Plan Circular.
Are CWB dividends "eligible dividends" as defined in the Income Tax Act (Canada)?
Yes, CWB designates all dividends for both common and preferred shares paid to Canadian residents as “eligible dividends”, as defined in the Income Tax Act (Canada), unless otherwise noted.
Who may participate in the DRIP?
Currently, enrolment in the DRIP is limited to Canadian residents who hold CWB common shares or Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 5.
How can I enrol in the DRIP?
Registered holders—shareholders whose shares are registered in their name—may enrol by completing the Authorization Form and submitting it to the Plan Agent.
Beneficial holders—shareholders who hold their shares in the name of a nominee such as a broker, investment dealer or financial institution—should contact their nominee to inquire about enrolment.

The following analysts provide research coverage on CWB Group: 

 Analyst Name  Company
Joseph Ng Barclays
Sohrab Movahedi BMO Nesbitt Burns
Gabriel Dechaine Canaccord Genuity
Rob Sedran CIBC World Markets Inc.
Meny Grauman Cormark Securities
Kevin Choquette Credit Suisse
Doug Young Desjardins Securities
Stephen Boland GMP Securities
Peter Routledge National Bank Financial
Darko Mihelic RBC Capital Markets
Sumit Malhotra Scotia Capital
Mike Rizvanovic Veritas Investment Research