Thursday, March 11, 2010

Canadian Western Bank (TSE:CWB) -- Expected Dividend Increase

If Mr. Pollock and the board stick true to their target payout ratio of 25%, a dividend increase should be expected in the next quarter. With EPS for the last quarter coming in at $0.52, the dividend should increase to at least $0.13 (a 18% increase!).

I currently have a very small position in CWB, but significantly increasing this position will be a top priority (enough to DRIP the dividends -- so at least an additional 150 shares) when I start growing my portfolio in the coming months.

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