StockWatch
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Major Banks
DividendApr 23, 2026, 11:41 AM

Westamerica Bancorporation Raises Quarterly Dividend to $0.48/Share

AI Summary

Westamerica Bancorporation's Board of Directors declared a quarterly cash dividend of $0.48 per share, marking a two-cent increase from the previous quarter. The dividend is payable on May 15, 2026, to shareholders of record as of May 4, 2026. Chairman, President, and CEO David Payne attributed the increase to the company's consistent earnings, strong financial position, and prudent risk management. This follows the company's recent report of $27.4 million in net income for the first quarter of 2026.

Key Highlights

  • Quarterly cash dividend declared at $0.48 per share.
  • Represents a $0.02 per share increase from prior quarter.
  • Dividend payable May 15, 2026, to shareholders of record May 4, 2026.
  • Q1 2026 net income was $27.4 million, or $1.13 diluted EPS.