Canadian Western Bank (TSE:CWB) declared a quarterly dividend on Thursday, March 7th, Zacks reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.27 per share on Friday, March 29th. This represents a $1.08 annualized dividend and a yield of 3.69%. The ex-dividend date is Thursday, March 14th. This is a boost from Canadian Western Bank’s previous quarterly dividend of $0.26.
CWB stock traded down C$0.39 during mid-day trading on Wednesday, hitting C$29.29. The stock had a trading volume of 393,837 shares, compared to its average volume of 257,685. Canadian Western Bank has a 1-year low of C$24.33 and a 1-year high of C$38.96. The firm has a market cap of $2.58 billion and a P/E ratio of 10.29.
Several analysts have recently issued reports on the company. Barclays decreased their price target on Canadian Western Bank from C$38.00 to C$35.00 in a research note on Friday, November 16th. Canaccord Genuity decreased their price target on Canadian Western Bank from C$38.00 to C$36.00 in a research note on Thursday, November 22nd. National Bank Financial decreased their price target on Canadian Western Bank from C$38.00 to C$32.00 and set a “sector perform” rating for the company in a research note on Friday, December 7th. TD Securities decreased their price target on Canadian Western Bank from C$33.00 to C$31.00 in a research note on Friday, December 7th. Finally, Eight Capital decreased their price target on Canadian Western Bank from C$43.00 to C$36.00 in a research note on Friday, December 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$34.80.
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About Canadian Western Bank
Canadian Western Bank provides personal and business banking products and services primarily in Western Canada. The company offers current, savings, cash management, US dollar, senior, chequing, youth, and student accounts, as well as specialized accounts, including corporate and commercial, organization, strata solution/condo, general trust, and trust fund investment accounts.
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