Westamerica Bancorporation on Thursday declared a quarterly cash dividend of 36 cents per share on common stock outstanding to shareholders of record at the close of buisness Aug. 2.
The dividend is payable Aug. 13.
Last week, Westamerica reported $24 million in net income for the three months ended June 30, or 80 cents per common share.
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"This dividend recognizes Westamerica's healthy level of capital, stable asset quality and strong operating earnings," said David Payne, chairman, president and chief executive officer.
Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking and trust offices throughout northern and central California.
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Westamerica trades on the NASDAQ at WABC. It's last trade was $53.71 per share, up 4.58 percent or $2.35. It's 52-week range is $45.42 to $61.25.
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