Western Alliance Bancorporation's latest quarterly cash dividend of $0.37 per share was issued to shareholders on record before Feb 15, 2024. The dividend distribution stands at $1.46 per share annually, which comes to a dividend yield of 2.63%.
Western Alliance Bancorporation's dividend yield of 2.63% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.56%, Western Alliance Bancorporation's dividend yield is 26% lower. The current dividend yield is more than the historical average of 2.2% of the last 5 years.
Western Alliance Bancorporation has been paying dividends for the last five years. Our records show that WAL has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 2.1% since twelve months ago. However with the price of the stock up by 69% from a year ago, the dividend yield has a decrease of 40%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 15, 2024 | Mar 1, 2024 | Feb 5, 2024 | $0.37 | normal |
| Nov 16, 2023 | Dec 1, 2023 | Oct 27, 2023 | $0.37 | normal |
| Aug 10, 2023 | Aug 25, 2023 | Aug 1, 2023 | $0.36 | normal |
| May 11, 2023 | May 26, 2023 | May 2, 2023 | $0.36 | normal |
| Feb 16, 2023 | Mar 3, 2023 | Feb 6, 2023 | $0.36 | normal |
| Nov 17, 2022 | Dec 2, 2022 | Oct 26, 2022 | $0.36 | normal |
| Aug 11, 2022 | Aug 26, 2022 | Jul 28, 2022 | $0.36 | normal |
| May 12, 2022 | May 27, 2022 | Apr 25, 2022 | $0.35 | normal |
| Feb 17, 2022 | Mar 4, 2022 | Feb 8, 2022 | $0.35 | normal |
| Nov 18, 2021 | Dec 3, 2021 | Nov 3, 2021 | $0.35 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 27, 2021 | $0.35 | normal |
| May 13, 2021 | May 28, 2021 | Apr 27, 2021 | $0.25 | normal |
| Feb 18, 2021 | Mar 5, 2021 | Feb 9, 2021 | $0.25 | normal |
| Nov 12, 2020 | Nov 27, 2020 | Oct 29, 2020 | $0.25 | normal |
| Aug 13, 2020 | Aug 28, 2020 | Jul 28, 2020 | $0.25 | normal |
| May 14, 2020 | May 29, 2020 | Apr 28, 2020 | $0.25 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Feb 7, 2020 | $0.25 | normal |
| Nov 14, 2019 | Nov 29, 2019 | Oct 29, 2019 | $0.25 | normal |
| Aug 15, 2019 | Aug 30, 2019 | Jul 30, 2019 | $0.25 | normal |
Western Alliance Bancorporation's payout ratio of 22.3% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 39.4%, Western Alliance Bancorporation's payout ratio is 43% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FIBK First Interstate Bancsystem Inc | 7.6% | $1.88 | 75.8% |
| CVBF Cvb Financial Corp | 5% | $0.8 | 50.3% |
| ZION Zions Bancorporation National Association | 4.18% | $1.64 | 37.7% |
| NBHC National Bank Holdings Corp | 3.23% | $1.06 | 28.3% |
| WAL Western Alliance Bancorporation | 2.62% | $1.46 | 22.3% |
| WFC Wells Fargo & Company | 2.3% | $1.35 | 27.7% |
Yes, Western Alliance Bancorporation has paid four dividends in the last twelve months. WAL has been paying dividends since 2019.
At this point we don't have a record of WAL's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Western Alliance Bancorporation's last dividend ex-date was on Feb 15, 2024. The dividend amount was $0.37 per share.
On an annual basis WAL pays $1.46 per share.
Western Alliance Bancorporation's current dividend yield is 2.63%.
Western Alliance Bancorporation pays four dividends per year.
Western Alliance Bancorporation's dividend payout ratio is 22.3%.
Western Alliance Bancorporation's dividend yield is less than the Financial Services sector average.