Westamerica (WABC) Declares $0.46 Quarterly Dividend with 3.56% Yield
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Declaration: Westamerica has declared a quarterly dividend of $0.46 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which enhances investor confidence.
- Yield Performance: The forward yield of 3.56% offers relative attractiveness in the current market environment, potentially appealing to income-seeking investors looking for reliable returns.
- Payment Schedule: The dividend is payable on February 13, with a record date of February 2 and an ex-dividend date also set for February 2, ensuring shareholders receive their earnings promptly and reinforcing shareholder relations.
- Historical Data Support: Westamerica's history of dividend growth and stable financial performance underpins this dividend declaration, indicating the company's ability to maintain consistent returns even amid economic fluctuations.
Analyst Views on WABC
Wall Street analysts forecast WABC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WABC is 53.00 USD with a low forecast of 53.00 USD and a high forecast of 53.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 51.150
Low
53.00
Averages
53.00
High
53.00
Current: 51.150
Low
53.00
Averages
53.00
High
53.00
About WABC
Westamerica Bancorporation is a bank holding company. The Company provides a full range of banking services to individual and commercial customers in Northern and Central California through its subsidiary bank, Westamerica Bank (the Bank). The Bank is a California-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation (the FDIC) up to applicable limits. The principal communities served are in Northern and Central California, from Mendocino, Lake and Nevada Counties in the north to Kern County in the south. In addition, the Bank owns Community Banker Services Corporation, a company engaged in providing the Company and its subsidiaries with data processing services and other support functions. It provides a range of loans, including commercial loans, commercial real estate loans, residential real estate loans, and others. It owns a no. of banking office locations and one centralized administrative service center facility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
