CWB Financial Group reports Q4 profit up from year ago, raises quarterly dividend

CWB Financial Group raised its dividend as it reported its fourth-quarter profit rose compared with a year ago.

The Edmonton-based bank says it will pay a quarterly dividend of 34 cents per share, an increase of a penny.

The higher payment to shareholders came as CWB says its common shareholders' net income totalled $76.8 million or 80 cents per diluted share for the quarter ended Oct. 31, up from $67.7 million or 72 cents per diluted share a year earlier.

Revenue totalled $291.8 million, up from $279.8 million in the same quarter last year.