Today, February 21, 2024, marks an important moment for investors of West Bancorp WTBA. The company will distribute a dividend payout of $0.25 per share, demonstrating an annualized dividend yield of 4.89%. Remember, only shareholders prior to the ex-dividend date on February 06, 2024 are eligible for this payout.
West Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-06 | 4 | $0.25 | 4.89% | 2024-01-24 | 2024-02-07 | 2024-02-21 |
| 2023-11-07 | 4 | $0.25 | 6.45% | 2023-10-25 | 2023-11-08 | 2023-11-22 |
| 2023-08-08 | 4 | $0.25 | 4.92% | 2023-07-27 | 2023-08-09 | 2023-08-23 |
| 2023-05-09 | 4 | $0.25 | 5.96% | 2023-04-26 | 2023-05-10 | 2023-05-24 |
| 2023-02-07 | 4 | $0.25 | 4.43% | 2023-01-25 | 2023-02-08 | 2023-02-22 |
| 2022-11-08 | 4 | $0.25 | 4.42% | 2022-10-26 | 2022-11-09 | 2022-11-23 |
| 2022-08-09 | 4 | $0.25 | 4.07% | 2022-07-27 | 2022-08-10 | 2022-08-24 |
| 2022-05-10 | 4 | $0.25 | 4.02% | 2022-04-27 | 2022-05-11 | 2022-05-25 |
| 2022-02-08 | 4 | $0.25 | 3.23% | 2022-01-26 | 2022-02-09 | 2022-02-23 |
| 2021-11-09 | 4 | $0.24 | 3.09% | 2021-10-27 | 2021-11-10 | 2021-11-24 |
| 2021-08-10 | 4 | $0.24 | 3.33% | 2021-07-29 | 2021-08-11 | 2021-08-25 |
| 2021-05-11 | 4 | $0.24 | 3.84% | 2021-04-29 | 2021-05-12 | 2021-05-26 |
West Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions FISI having the highest annualized dividend yield at 6.36%.
Analyzing West Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2020 to 2023, investors saw an average increase in the company's dividend per share, rising from $0.84 in 2020 to $1.00 in 2023. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For West Bancorp
The earnings chart displays a decline in West Bancorp's earnings per share, decreasing from $1.92 in 2020 to $1.70 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
This article takes an in-depth look at West Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.25 per share today, translating to an annualized dividend yield of 4.89%.
West Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions having the highest annualized dividend yield at 6.36%.
The rising dividend per share and declining earnings per share of West Bancorp from 2020 to 2023 indicate a deliberate choice to prioritize dividend distribution over earnings performance.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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