Following a strong bout of inflation, dividend bumps could cushion income investors’ purchasing power. Canadian Western Bank (TSX:CWB) stock, CT REIT (TSX:CRT.UN), and another top dividend stock are raising payouts this month. The post Top 3 TSX Dividend Stocks Increasing Payouts in May 2024 appeared first on The Motley Fool Canada.
Canadian Western Bank (CWB) today announced its intention to redeem all outstanding $250 million 3.668% Series F Subordinated Debentures (Non-Viability Contingent Capital (NVCC)) due June 11, 2024 for 100 per cent of their principal amount plus accrued interest to, but excluding, the redemption date. The redemption will occur on June 11, 2024. Formal notice will be delivered to the Debenture holders in accordance with the terms and conditions set forth in the related trust indenture.
Canadian Western Bank’s business profile is changing, and CWB stock investors could witness positive developments going forward. The post 3 Game-Changers at Canadian Western Bank: How They Impact CWB Stock appeared first on The Motley Fool Canada.