Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, notice, cash management, US dollar, and chequing accounts, as well as organization, business trust, and trust fund investment accounts. It also offers commercial lending and real estate, and equipment financing and leasing products; agriculture lending products; mortgages; lines of credits; registered retirement savings loans; consolidation, and vehicle loans; and credit cards. In addition, the company offers cash management services; life and disability insurance products; and ATM, mobile, and online banking services, as well cheque order services. Further, it provides investment products comprising guaranteed investment certificates, US dollars investments plans, registered retirement income funds, tax-free savings accounts, registered education savings plans, and mutual funds, as well as personal and business planning services. Canadian Western Bank was founded in 1984 and is headquartered in Edmonton, Canada.
Canadian Western Bank Dividend Announcement
• Canadian Western Bank announced a quarterly dividend of $0.26 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-09-12
• Canadian Western Bank annual dividend for 2024 was $0.76
• Canadian Western Bank annual dividend for 2023 was $0.98
• Canadian Western Bank's trailing twelve-month (TTM) dividend yield is 3.12%
• Canadian Western Bank's payout ratio for the trailing twelve months (TTM) is 49.07%
• Canadian Western Bank's dividend growth over the last five years (2018-2023) was 10.78% year
• Canadian Western Bank's dividend growth over the last ten years (2013-2023) was 18.50% year
Canadian Western Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-12 | $0.26 | quarterly | 2024-09-26 |
2024-06-06 | $0.26 | quarterly | 2024-06-20 |
2024-03-06 | $0.25 | quarterly | |
2023-12-20 | $0.26 | quarterly | 2024-01-04 |
2023-09-13 | $0.24 | quarterly | 2023-09-28 |
2023-06-07 | $0.25 | quarterly | 2023-06-22 |
2023-03-08 | $0.23 | quarterly | 2023-03-23 |
2022-12-14 | $0.24 | quarterly | 2023-01-05 |
2022-09-07 | $0.24 | quarterly | 2022-09-22 |
2022-06-08 | $0.25 | quarterly | 2022-06-23 |
2022-03-09 | $0.23 | quarterly | 2022-03-24 |
2021-12-15 | $0.23 | quarterly | 2022-01-06 |
2021-09-08 | $0.23 | quarterly | 2021-09-23 |
2021-06-09 | $0.24 | quarterly | 2021-06-24 |
2021-03-10 | $0.23 | quarterly | 2021-03-25 |
2020-12-16 | $0.23 | quarterly | 2021-01-07 |
2020-09-09 | $0.22 | quarterly | 2020-09-24 |
2020-06-10 | $0.22 | quarterly | 2020-06-25 |
2020-03-11 | $0.21 | quarterly | 2020-03-26 |
2019-12-16 | $0.21 | quarterly | 2020-01-07 |
2019-09-12 | $0.21 | quarterly | 2019-09-27 |
2019-06-12 | $0.20 | quarterly | 2019-06-27 |
2018-09-13 | $0.20 | quarterly | 2018-09-28 |
2018-06-14 | $0.19 | quarterly | 2018-06-28 |
2018-03-15 | $0.19 | quarterly | 2018-03-30 |
2017-12-14 | $0.19 | quarterly | 2018-01-04 |
2017-09-14 | $0.20 | quarterly | 2017-09-29 |
2017-06-14 | $0.17 | quarterly | 2017-06-30 |
2017-03-15 | $0.17 | quarterly | 2017-03-31 |
2016-12-13 | $0.17 | quarterly | |
2016-09-13 | $0.18 | quarterly | |
2016-06-16 | $0.18 | quarterly | |
2016-03-15 | $0.17 | quarterly | |
2015-12-11 | $0.17 | quarterly | |
2015-09-10 | $0.17 | quarterly | |
2015-06-11 | $0.18 | quarterly | |
2015-03-12 | $0.17 | quarterly | |
2014-12-12 | $0.18 | quarterly | |
2014-09-11 | $0.18 | quarterly | |
2014-06-12 | $0.18 | quarterly | |
2014-03-13 | $0.17 | quarterly | |
2013-12-13 | $0.18 | quarterly |
Canadian Western Bank Dividend per year
Canadian Western Bank Dividend growth
Canadian Western Bank Dividend Yield
Canadian Western Bank current trailing twelve-month (TTM) dividend yield is 3.12%. Interested in purchasing Canadian Western Bank stock? Use our calculator to estimate your expected dividend yield:
Canadian Western Bank Financial Ratios
Canadian Western Bank Dividend FAQ
Other factors to consider when evaluating Canadian Western Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Canadian Western Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Canadian Western Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Canadian Western Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Canadian Western Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Canadian Western Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Canadian Western Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Canadian Western Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Canadian Western Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Canadian Western Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.