Westamerica Bancorporation Raises Quarterly Dividend to $0.46

By Bobby Samwell • Thursday, April 24 15:22 • Permanent Link

Westamerica Bancorporation (NASDAQ: WABC) has announced an increase in its quarterly cash dividend to $0.46 per share, marking a two cent per share rise from the previous quarter. This decision comes on the back of the company's report of $31.0 million in net income for the three months ended March 31, 2025, translating to $1.16 diluted earnings per common share.

Chairman, President, and CEO David Payne attributed the dividend increase to Westamerica's reliable earnings stream, financial strength, and conservative risk profile. The dividend is payable on May 16, 2025, to shareholders of record at the close of business on May 5, 2025.

Westamerica Bancorporation, operating through its wholly owned subsidiary, Westamerica Bank, has banking and trust offices across northern and central California.

This increase in the quarterly dividend reflects the company's confidence in its financial performance and commitment to delivering value to its shareholders. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $48.17. Check out the company's full 8-K submission here.

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