Westamerica Bancorporation (WABC) to Issue Quarterly Dividend of $0.48 on August 14th

Westamerica Bancorporation (NASDAQ:WABC – Get Free Report) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be paid a dividend of 0.48 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, August 3rd.

Westamerica Bancorporation has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 34 consecutive years. Westamerica Bancorporation has a payout ratio of 46.6% indicating that its dividend is sufficiently covered by earnings.

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Westamerica Bancorporation Trading Up 0.4%

NASDAQ:WABC opened at $60.15 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.20 and a quick ratio of 0.22. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.25 and a beta of 0.56. Westamerica Bancorporation has a one year low of $44.93 and a one year high of $63.61. The business has a fifty day moving average price of $58.35 and a 200-day moving average price of $54.32.

Westamerica Bancorporation (NASDAQ:WABC – Get Free Report) last released its earnings results on Thursday, July 16th. The financial services provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.07. Westamerica Bancorporation had a return on equity of 12.31% and a net margin of 41.71%.The company had revenue of $62.77 million for the quarter, compared to the consensus estimate of $61.60 million. During the same period in the previous year, the business earned $1.12 earnings per share.

Westamerica Bancorporation Company Profile

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Westamerica Bancorporation (NASDAQ: WABC) is a California-based bank holding company that provides a comprehensive suite of commercial banking, trust and wealth management services. Through its primary subsidiary, Westamerica Bank, the company offers deposit products, lending solutions and treasury management to a diverse clientele that includes small and mid-sized businesses, professionals, non-profit organizations and individuals.

The company’s lending portfolio encompasses commercial real estate financing, agricultural loans, equipment financing and lines of credit designed to support working capital needs.

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