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Canadian Western Bank ups dividend

The board of Canadian Western Bank declared a quarterly cash dividend of 25 Canadian cents per share, up from the previous 24 cents per share.

The dividend is payable March 30 to shareholders of record on March 16.

The Edmonton, Alberta-based company also reported common shareholders' net income of C$61.9 million, or 69 cents per share, in the fiscal first quarter. A year ago, it was C$49.5 million, or 56 cents per share.