Westamerica Bancorporation
WABC36 yrs growthFinancial Services · Stock · quarterly payer
Forward Yield
3.03%
Annual Dividend
$1.86
Payout Ratio
41%
5-Yr Growth
2.1%
Ex-Date
May 4, 2026
Frequency
Quarterly
Summary
As of July 2026, Westamerica Bancorporation (WABC) yields 3.03% ($1.86 per share annually), with a blended fair-value estimate of $48.46 — -21% downside, so it screens as overvalued. Dividend safety grade: A (99/100). 36 years of dividend growth.
Is WABC a good dividend stock?
YesWestamerica Bancorporation (WABC) pays a quarterly dividend yielding 3.03% ($1.86/yr), with 36 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 36 consecutive years of growth
- Never cut its dividend on record
- Comfortable payout ratio (41%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.03%
- Payout Ratio
- 41%
- Annual Dividend
- $1.86
- 5-Yr Avg Growth
- 2.1%
- Ex-Dividend Date
- May 4, 2026
- Years of Growth
- 36
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $1.4B
- P/E Ratio
- 13.5
- 5-Yr Total Return
- 8%
- 52-Week Range
- $44.93 – $63.61
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
WABC Price — Last 12 Months
Daily close
Price Return
1 Year
+23%
3 Years
+39%
5 Years
+8%
52-Week Range
$44.93 – $63.61
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WABC worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Westamerica Bancorporation is $48.46 per share, versus a market price of $61.36. That implies 21% of downside.
Fair Value
$48.46
Current Price
$61.36
Downside
-21%
Margin of Safety
-27%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $4.53 EPS, $1.86 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WABC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 4, 2026 | — | $0.4800 | regular |
| Feb 2, 2026 | — | $0.4600 | regular |
| Nov 3, 2025 | — | $0.4600 | regular |
| Aug 4, 2025 | — | $0.4600 | regular |
| May 5, 2025 | — | $0.4600 | regular |
| Feb 3, 2025 | — | $0.4400 | regular |
| Nov 4, 2024 | — | $0.4400 | regular |
| Aug 5, 2024 | — | $0.4400 | regular |
| May 3, 2024 | — | $0.4400 | regular |
| Feb 2, 2024 | — | $0.4400 | regular |
| Nov 3, 2023 | — | $0.4400 | regular |
| Aug 4, 2023 | — | $0.4400 | regular |
| May 5, 2023 | — | $0.4200 | regular |
| Feb 3, 2023 | — | $0.4200 | regular |
Income Calculator
At $1.86 / yr per share
