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Western Alliance (NYSE: WAL) sets Q2 common and preferred dividends

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(High)
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8-K

Rhea-AI Filing Summary

Western Alliance Bancorporation announced that its board of directors declared regular quarterly cash dividends on both its common and preferred stock. The company will pay a cash dividend of $0.42 per share on its common stock on May 29, 2026 to shareholders of record on May 14, 2026.

The board also approved a quarterly dividend of $106.25 per share on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, equivalent to $0.265625 per depositary share. This preferred dividend will be paid on June 30, 2026 to shareholders of record on June 15, 2026.

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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, and exhibit attachments filed with this report.
Common stock dividend $0.42 per share Quarterly cash dividend payable May 29, 2026
Common dividend record date May 14, 2026 Shareholders of record eligible for quarterly common dividend
Preferred Series A dividend $106.25 per share Quarterly cash dividend on 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
Depositary share dividend $0.265625 per depositary share Each depositary share represents 1/400th of a Series A preferred share
Preferred dividend payment date June 30, 2026 Payment date for Series A preferred quarterly dividend
Preferred record date June 15, 2026 Record date for Series A preferred dividend eligibility
4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A financial
"a quarterly cash dividend of $106.25 per share on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A"
depositary share financial
"equivalent to $0.265625 per depositary share on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A"
A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.
record date financial
"payable May 29, 2026 to shareholders of record as of May 14, 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.
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.
Understanding 8-K Material Events →
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  April 30, 2026


WESTERN ALLIANCE BANCORPORATION
(Exact name of registrant as specified in its charter)

Delaware001-3255088-0365922
(State or other jurisdiction
of incorporation)		(Commission
File Number)		(IRS Employer
Identification No.)

One E. Washington Street, Phoenix, Arizona  85004
 (Address of principal executive offices)               (Zip Code)

(602) 389-3500
(Registrant's telephone number, including area code)

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 Par ValueWALNew York Stock Exchange
Depositary Shares, Each Representing a 1/400th Interest in a Share of
4.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A
WAL PrANew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨




ITEM 8.01. OTHER EVENTS.
Quarterly Common and Preferred Stock Dividend.
At the meeting of the Board of Directors (the “Board”) of Western Alliance Bancorporation held on April 30, 2026, the Board declared a quarterly cash dividend of $0.42 per share of common stock. The Common Stock Dividend will be payable May 29, 2026 to shareholders of record as of May 14, 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. The Preferred Stock Dividend will be payable June 30, 2026 to shareholders of record as of June 15, 2026.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 WESTERN ALLIANCE BANCORPORATION
(Registrant)
 
 
/s/ Vishal Idnani
Vishal Idnani
Chief Financial Officer
 
 
 
Date:April 30, 2026


Source: View Original Filing on SEC EDGAR

FAQ

What dividend did Western Alliance Bancorporation (WAL) declare on its common stock?

Western Alliance Bancorporation declared a quarterly cash dividend of $0.42 per share on its common stock. The dividend will be paid on May 29, 2026 to shareholders of record as of May 14, 2026.

What preferred stock dividend did Western Alliance (WAL) announce for Series A?

The board declared a quarterly cash dividend of $106.25 per share on its 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This equals $0.265625 per depositary share representing a 1/400th interest in a preferred share.

When will Western Alliance (WAL) pay the preferred Series A dividend?

Western Alliance will pay the preferred Series A dividend on June 30, 2026. Shareholders must be on record by June 15, 2026 to receive the quarterly cash dividend on the 4.250% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

What are the record dates for Western Alliance (WAL) Q2 2026 dividends?

For common stock, the record date is May 14, 2026, with payment on May 29, 2026. For Series A preferred stock, the record date is June 15, 2026, with payment on June 30, 2026, according to the board’s dividend declaration.

How much is each Western Alliance (WAL) preferred depositary share expected to receive?

Each depositary share, representing a 1/400th interest in a share of Series A preferred stock, is entitled to a quarterly dividend of $0.265625. This amount derives from the $106.25 per share cash dividend on the underlying preferred stock.

Filing Exhibits & Attachments

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