Thursday marks the last chance for investors to receive the next dividend payout from Westamerica Bancorp (NASDAQ:WABC).
What’s Happening
The company announced on Thursday that it would pay shareholders a quarterly dividend of 44 cents per share. On Friday, Westamerica Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 44 cents lower than it would have opened on any other day.
In order to be eligible to receive a company’s dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own WABC as of the end of Thursday’s session are eligible to receive the 44 cents dividend payout for every share that they own.
According to the company, this dividend will be paid out to shareholders on August 18, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.
Track real-time stock fluctuations for Westamerica Bancorp on Benzinga.
