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Stock impact report

Westamerica Bancorporation Declares Quarterly Dividend and Announces Stock Repurchase Plan

Westamerica Bancorporation (WABC) 
US:NASDAQ Investor Relations: westamerica.com/index.php/shareholders
Company Research Source: GlobeNewswire
SAN RAFAEL, Calif., July 25, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of Westamerica Bancorporation (NASDAQ:  WABC) today declared a quarterly cash dividend of $0.41 per share on common stock outstanding to shareholders of record at the close of business August 5, 2019.  The dividend is payable August 16, 2019. Westamerica Bancorporation’s Board of Directors also approved a plan to repurchase, as conditions warrant, up to 1,750,000 shares of the Company’s common stock on the open market or in privately negotiated transactions prior to September 1, 2020. The repurchase plan represents approximately 6.5 percent of the Company’s common stock outstanding as of June 30, 2019. Chairman, President and CEO David Payne stated, “This dividend and share repurchase program recognize Westamerica’s consistent profitability, healthy capital level, and solid asset quality.” On July 18, 2019, Westamerica reported $19.6 million in net income for the three months ended June 30, 2019, or $0.7 Show less Read more
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