WesternOne Inc. announced that its Board of Directors has approved a cash dividend of $0.05 per share for the month of February 2013 (equivalent to $0.60 per share on an annualized basis). This dividend will be paid on March 15, 2013 to shareholders of record at the close of business on February 28, 2013.

The company also announced that Geoffrey Shorten, its Chief Operating Officer, has also been appointed as President to better reflect his strategic and operational roles at the company.