Commonwealth Bank concluded its 50th anniversary year of celebration on a financial high note. The Bank has announced that its Board of Directors recently approved an increase in the common share quarterly dividend from $0.05 to $0.06 per share, effective March 2011.This increase reflects the first increase in the quarterly dividend since the global economic crisis occurred in 2008.
The dividend payment will be payable on March 31st, to shareholders of record as of March 21st .