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April 14, 2014
09:08 EDTNWBINorthwest Bancshares declares $1.00 special cash dividend
Northwest Bancshares announced the declaration of a special cash dividend of $1.00 per share. This dividend will be paid on May 15 to shareholders of record as of May 1. The Company said "The Board of Directors recognizes the amount of capital our company is carrying and our limited opportunities to leverage this capital given that economic growth is tepid and attractive acquisition opportunities are limited. We further recognize that this payment may favorably impact the valuation of our stock relative to tangible book value per share which could make future acquisition opportunities more viable. Finally, we anticipate this return of capital to our shareholders will enhance the future return on their investment in Northwest while providing them with additional cash flow and an enhanced dividend yield in the current year."
News For NWBI From The Last 14 Days
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January 26, 2015
10:16 EDTNWBINorthwest Bancshares board increases quarterly dividend to 14c per share
The company announced that its board declared a quarterly cash dividend of 14c per share payable on February 13, 2015, to shareholders of record as of February 5, 2015.
10:16 EDTNWBINorthwest Bancshares reports Q4 EPS 19c, consensus 17c
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