Western Alliance declares quarterly cash dividends
Western Alliance Bancorporation’s Board declared a quarterly cash dividend of $0.42 per share of common stock.
Rhea-AI Filing Summary
Western Alliance Bancorporation’s Board declared a quarterly cash dividend of $0.42 per share of common stock. The dividend will be payable on August 27, 2026 to shareholders of record as of August 13, 2026.
The Board also declared a quarterly cash dividend of $106.25 per share, equivalent to $0.265625 per depositary share, on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This preferred dividend will be payable on September 30, 2026 to shareholders of record as of September 15, 2026.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Common stock dividend: $0.42 per share
Preferred stock dividend per share: $106.25 per share
Preferred dividend per depositary share: $0.265625 per depositary share
+5 more
8 metrics
Common stock dividend
$0.42 per share
Quarterly cash dividend payable August 27, 2026 to shareholders of record August 13, 2026
Preferred stock dividend per share
$106.25 per share
Quarterly dividend on 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
Preferred dividend per depositary share
$0.265625 per depositary share
Each depositary share represents a 1/400 interest in a Series A preferred share
Preferred coupon rate
4.250%
Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
Common dividend payment date
August 27, 2026
Payment date for the $0.42 per share quarterly common dividend
Common dividend record date
August 13, 2026
Record date for determining holders entitled to the common dividend
Preferred dividend payment date
September 30, 2026
Payment date for the Series A preferred quarterly dividend
Preferred dividend record date
September 15, 2026
Record date for determining holders entitled to the Series A preferred dividend
Key Terms
Fixed Rate Reset, Non-Cumulative, Perpetual Preferred Stock, depositary share, +1 more
5 terms
Fixed Rate Reset financial
"4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A"
A fixed rate reset is a feature in some bonds or preferred shares where the interest or dividend rate is periodically recalculated and then fixed for the next term according to a pre-set reference (for example, a market rate) plus a set extra amount. It matters to investors because it changes the security’s future income and interest-rate sensitivity—like a thermostat that is reprogrammed at intervals so your heating cost adjusts in steps to current conditions rather than staying completely fixed or constantly changing.
Non-Cumulative financial
"4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A"
Non-cumulative describes a type of dividend or payment right where any missed distributions are not tracked or owed later; if a company skips a payment, investors do not receive that skipped amount in the future. Think of it like a one-time coupon that expires if not used: it can boost potential income when paid, but offers no catch-up protection, so investors face greater income uncertainty and should price in higher risk or lower yield expectations.
Perpetual Preferred Stock financial
"4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A"
A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.
record date financial
"to shareholders of record as of August 13, 2026"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What quarterly common dividend did Western Alliance (WAL) declare?
Western Alliance declared a $0.42 per share quarterly cash dividend on its common stock. It will be paid on August 27, 2026 to shareholders of record as of August 13, 2026.
What are the record and payment dates for WAL’s common stock dividend?
The common dividend is payable on August 27, 2026 to shareholders of record on August 13, 2026. Investors must be recorded as shareholders by that record date to receive the $0.42 per share payment.
What dividend was declared on Western Alliance’s Series A preferred stock (WAL)?
Western Alliance declared a quarterly dividend of $106.25 per share on its Series A preferred stock. This amount equals $0.265625 per depositary share, reflecting each depositary share’s 1/400 interest in a preferred share.
When will Western Alliance (WAL) pay the Series A preferred dividend?
The Series A preferred dividend will be paid on September 30, 2026. Holders must be shareholders of record as of September 15, 2026 to receive the quarterly dividend on these preferred shares or their related depositary shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
