WESTERN ALLIANCE BANCORPORATION 8-K
Research Summary
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Western Alliance Declares Quarterly Common and Preferred Dividends
What Happened Western Alliance Bancorporation (WAL) announced in a Form 8‑K filed April 30, 2026 that its Board declared quarterly cash dividends. The Board approved a $0.42 per share dividend on common stock (payable May 29, 2026; record date May 14, 2026) and a $106.25 per share dividend on its 4.250% Fixed Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series A (equivalent to $0.265625 per depositary share), payable June 30, 2026 to holders of record as of June 15, 2026.
Key Details
- Declaration date: April 30, 2026 (Board meeting).
- Common stock dividend: $0.42 per share; payable May 29, 2026; record date May 14, 2026.
- Preferred stock dividend: $106.25 per preferred share (4.250% Fixed Rate Reset Non‑Cumulative Perpetual Preferred Stock, Series A); payable June 30, 2026; record date June 15, 2026.
- Filing: Form 8‑K signed by CFO Vishal Idnani.
Why It Matters Dividends provide direct cash returns to shareholders and indicate the Board’s allocation of capital to investors this quarter. Common shareholders who hold shares at the May 14 record date will receive the $0.42 payment on May 29. Holders of the Series A preferred (or corresponding depositary shares) on the June 15 record date will receive the stated preferred dividend on June 30. Investors tracking income, yield, or payout consistency may use this information when evaluating WAL’s capital distribution policy.