Westamerica Bancorporation (WABC) Declares $0.38 Quarterly Dividend; 2.9% Yield

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Go back to Westamerica Bancorporation (WABC) Declares $0.38 Quarterly Dividend; 2.9% Yield

Westamerica Bancorporation Declares Quarterly Cash Dividend

April 24, 2014 11:54 AM EDT

SAN RAFAEL, Calif., April 24, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (Nasdaq: WABC) today declared a quarterly cash dividend of $0.38 per share on common stock outstanding to shareholders of record at the close of business May 5, 2014. The dividend is payable May 16, 2014.

Chairman, President and CEO David Payne stated, "This dividend recognizes Westamerica's relatively high-level of profitability, healthy capital level, and superior asset quality."

On April 15, 2014, Westamerica reported $15.3 million in net income for the three months ended March 31, 2014, or $0.58 diluted earnings per common share.

Westamerica Bancorporation, through its wholly owned... More