Western Financial Group Announces Initiation of a Quarterly Common Share Dividend
(TSX – WES) – Western Financial Group (“the Company”) announced today that it will pay the first quarterly common share cash dividend in its history. The dividend will provide $0.01 per common share to each shareholder of record as of June 29, 2007, with the initial dividend payable on July 16,
“This is a proud milestone for our company” said Scott Tannas, President and CEO. “This is our first step in building a discipline around paying a regular dividend to our shareholders. It is part of our development as a
strong, respected and growing financial services company in western Canada,” he said. “In the quarters and years to come, we are determined to responsibly and carefully build on this modest beginning as a dividend payer
Western Financial Group is a leader in providing insurance, financial services and banking services in over 80 communities, to more than 400,000 individuals and businesses in Western Canada through its WFG Agency Network locations, its affiliated insurance brokers, Western Life Assurance Company and Bank West.
The Common Shares of Western Financial Group are traded on the Toronto Stock Exchange under the symbol “WES”.
For further information, please contact:
Arlene Beggs, Assistant to the President
Western Financial Group