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CWB partners with YWCAs across Canada to empower girls(JOINT RELEASE WITH YWCA EDMONTON) More girls across Canada can access critical programs, thanks to a generous gift from Canadian Western Bank. Nine YWCAs across the country will share a gift of $100,000 to support girl empowerment programs.
CWB receives TSX approval for normal course issuer bidCanadian Western Bank announced today that a normal course issuer bid authorized by its Board of Directors to purchase for cancellation during the next 12 months up to 1,767,000 common shares, representing approximately 2% of the issued and outstanding common shares, has been approved by the Toronto Stock Exchange, commencing October 1, 2018.
CWB reports strong third quarter financial performance and common share dividend increaseCWB Financial Group today announced strong third quarter financial performance with record common shareholders’ net income of $62 million and pre-tax, pre-provision income of $111 million, up 11% and 10%, respectively, from the third quarter last year. Diluted and adjusted cash earnings per common share of $0.70 and $0.75 were both up 9%. Record total revenue of $205 million was up 12% from last year, including a strong 14% increase in net interest income.
CWB declares Q3 dividendsCanadian Western Bank (CWB) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share (TSX:CWB), payable on September 28, 2018 to shareholders of record on September 14, 2018. This quarterly dividend is up two cents, or 8%, from the dividend declared one year ago and and one cent, or 4%, higher than the dividend declared last quarter.