Western Alliance Bancorporation Dividends
The next dividend date for Western Alliance Bancorporation has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for Western Alliance Bancorporation (WAL)
More About Western Alliance Bancorporation
Western Alliance Bancorporation operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada. It operates through Commercial and Consumer Related segments. The company offers deposit products, including checking, savings, and money market accounts, as well as fixed-rate and fixed maturity certificates of deposit accounts; demand deposits; and treasury management and residential mortgage products and services. It also provides commercial and industrial loan products, such as working capital lines of credit, loans to technology companies, inventory and accounts receivable lines, mortgage warehouse lines, equipment loans and leases, and other commercial loans; commercial real estate loans, which are secured by multi-family residential properties, professional offices, industrial facilities, retail centers, hotels, and other commercial properties; construction and land development loans for single family and multi-family residential projects, industrial/warehouse properties, office buildings, retail centers, medical office facilities, and residential lot developments; and consumer loans. In addition, the company offers other financial services, such as internet banking, wire transfers, electronic bill payment and presentment, funds transfer and other digital payment offerings, lock box services, courier, and cash management services. Further, the company holds certain investment securities, municipal and non-profit loans, and leases; invests primarily in low-income housing tax credits and small business investment corporations; and certain real estate loans and related securities. Western Alliance Bancorporation was founded in 1994 and is headquartered in Phoenix, Arizona.
Owning Western Alliance Bancorporation Stock on the Dividend Date
If you own Western Alliance Bancorporation stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Western Alliance Bancorporation stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Western Alliance Bancorporation stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Western Alliance Bancorporation stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Western Alliance Bancorporation dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Western Alliance Bancorporation Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Western Alliance Bancorporation stock price from the dividend is already baked into Western Alliance Bancorporation option prices.
That means the prices of call options that overlap the Western Alliance Bancorporation ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Western Alliance Bancorporation ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Western Alliance Bancorporation call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Western Alliance Bancorporation put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Western Alliance Bancorporation Dividends
You can contact us any time if you would like to ask questions about Western Alliance Bancorporation dividends or anything else related to the stock market.