Westamerica Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Westamerica Bancorp (NASDAQ:WABC) has announced a quarterly dividend of 44 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own WABC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 18, 2023.
August 04, 2023 | 9:17 am
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Westamerica Bancorp's announcement of a 44 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
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