Westamerica Bancorporation Boosts Shareholder Value with Dividend
Westamerica Bancorporation Announces Quarterly Cash Dividend
The Board of Directors at Westamerica Bancorporation (NASDAQ: WABC) has made a significant decision to declare a quarterly cash dividend aimed at rewarding its valued shareholders. This dividend is set at $0.44 per share for all common stock outstanding, emphasizing the company's dedication to maintaining shareholder trust and providing value.
Details of the Dividend Announcement
Shareholders can expect this dividend to be issued to those on record by the end of the business day on February 3, 2025. Following this record date, the dividend will be paid out on February 14, 2025. Such consistent payouts not only reflect Westamerica's strategic planning but also highlight its robust financial health in a competitive market.
CEO's Confidence in Financial Outlook
David Payne, the Chairman, President, and CEO of Westamerica Bancorporation, noted the importance of this dividend in light of the company's reliable earnings. He remarked, 'This quarterly dividend recognizes Westamerica's reliable earnings stream, financial strength, and conservative risk profile.' This statement underscores the company's confidence in its operational strategies and market position as it continues to build long-term value for shareholders.
Recent Financial Performance
In the latest financial disclosures, Westamerica reported impressive net income of $31.7 million for the three months ending December 31, 2024. This impressive performance translates into diluted earnings of $1.19 per common share. Such figures are indicative of a well-managed institution that is meeting the financial expectations of its stakeholders.
Westamerica Bancorporation's Operations and Growth Strategy
Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, provides a range of banking and trust services across Northern and Central California. Their strategic growth initiatives focus on enhancing customer relationship management and expanding their service offerings to meet the evolving needs of their clientele.
Contact Information for Further Inquiries
For those interested in learning more about this announcement or exploring investment opportunities with Westamerica Bancorporation, the company’s official website offers a plethora of resources. Potential investors and current shareholders can find additional details and updates on the company's operations through various communication channels. The corporate office can be contacted directly at 1108 Fifth Avenue, San Rafael, CA 94901, or by reaching out to Robert A. Thorson, SVP & Treasurer, at 707-863-6840, or via email at investments@westamerica.com.
Frequently Asked Questions
What is the declared dividend per share for Westamerica Bancorporation?
The declared quarterly cash dividend per share is $0.44 for Westamerica Bancorporation.
When will the dividend be paid out?
The dividend is scheduled to be paid on February 14, 2025, to shareholders on record as of February 3, 2025.
What was the net income reported by Westamerica for the last quarter?
Westamerica reported a net income of $31.7 million for the last quarter, translating to earnings of $1.19 per common share.
How does Westamerica Bancorporation plan to continue its operations?
The bank is focused on enhancing customer relationships and expanding its service offerings to bolster growth.
Who can I contact for more information about Westamerica Bancorporation?
For further inquiries, you can contact Robert A. Thorson at 707-863-6840 or via email at investments@westamerica.com.
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