West Bancorporation Raises Quarterly Dividend 4%

West Bancorporation, Inc. raised its quarterly dividend to $0.26 per share from $0.25, an increase of 4%. Shares traded ex-dividend on Aug. 5, 2026.

The new payment equates to an annual dividend of $1.04 per share and a forward annual yield of 3.54%, based on a share price of $29.27. The increase sets the quarterly payout at a company record, according to West Bancorporation’s official announcement.

Stronger earnings support the increase

West Bancorporation, the parent of West Bank, linked the higher dividend to improved financial performance. The company reported second-quarter 2026 net income of $11.1 million, or $0.64 per diluted share, while first-half net income increased 37% from the comparable 2025 period. Management also described the company’s capital and liquidity positions as strong and reported no loans on nonaccrual status at the end of the quarter. SEC earnings release

The bank’s results also benefited from a wider net interest margin. West Bancorporation’s quarterly filing said higher loan yields helped lift tax-equivalent net interest income from a year earlier, partly offset by lower average loan balances. The filing noted that changes in market interest rates can materially affect the spread between interest earned on loans and securities and interest paid on deposits and borrowings. Second-quarter 2026 Form 10-Q

West Bancorporation is an Iowa-based financial holding company whose principal business is West Bank, a business-focused community bank. The bank serves customers primarily in metropolitan markets across Iowa and Minnesota and offers commercial, real-estate and consumer lending as well as trust services. 2025 Form 10-K

What it means for income investors

The increase lifts annualized dividend income per share while leaving the forward yield at 3.54% at the stated share price. However, the dividend record currently shows zero consecutive growth years, so the move does not yet constitute an established annual growth streak. West Bancorporation previously cut its dividend in 2011.

The dividend carries a safety score of 81 out of 100 and an A grade. That measure indicates relatively strong coverage characteristics, though it is not a guarantee of future payments; bank dividends remain dependent on earnings, capital requirements, credit conditions and board approval.