Western Alliance Bancorporation
WALFinancial Services · Stock · quarterly payer
Forward Yield
2.22%
Annual Dividend
$1.68
Payout Ratio
19%
5-Yr Growth
9.3%
Ex-Date
Aug 13, 2026
Frequency
Quarterly
Summary
As of September 2026, Western Alliance Bancorporation (WAL) yields 2.22% ($1.68 per share annually), with a blended fair-value estimate of $147.05 — +87% upside, so it screens as undervalued. Dividend safety grade: A (80/100). 5 years of dividend growth.
Is WAL a good dividend stock?
YesWestern Alliance Bancorporation (WAL) pays a quarterly dividend yielding 2.22% ($1.68/yr), with 5 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
- Never cut its dividend on record
- Comfortable payout ratio (19%)
- Strong 9.3% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.22%
- Payout Ratio
- 19%
- Annual Dividend
- $1.68
- 5-Yr Avg Growth
- 9.3%
- Ex-Dividend Date
- Aug 13, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 1.32
- Market Cap
- $8.3B
- P/E Ratio
- 8.6
- 5-Yr Total Return
- -32%
- 52-Week Range
- $65.82 – $97.23
- Dividend Safety
- A · 80/100
- Ever Cut?
- No
Frequently Asked Questions
WAL Price — Last 12 Months
Daily close
Price Return
1 Year
+2%
3 Years
+91%
5 Years
-32%
52-Week Range
$65.82 – $97.23
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WAL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Western Alliance Bancorporation is $147.05 per share, versus a market price of $78.54. That implies 87% of upside — a margin of safety of about 47%.
Fair Value
$147.05
Current Price
$78.54
Upside
+87%
Margin of Safety
47%
How we get there
Discounted cash flow
Discounts projected free cash flow 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 5.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 10.9% discount rate (CAPM), 5.9% stage-1 growth, 2.5% terminal growth, $8.86 EPS, $1.68 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WAL 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
Full WAL dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 13, 2026 | — | $0.4200 | regular |
| May 14, 2026 | — | $0.4200 | regular |
| Feb 20, 2026 | — | $0.4200 | regular |
| Nov 13, 2025 | — | $0.4200 | regular |
| Aug 14, 2025 | — | $0.3800 | regular |
| May 15, 2025 | — | $0.3800 | regular |
| Feb 14, 2025 | — | $0.3800 | regular |
| Nov 15, 2024 | — | $0.3800 | regular |
| Aug 16, 2024 | — | $0.3700 | regular |
| May 15, 2024 | — | $0.3700 | regular |
| Feb 15, 2024 | — | $0.3700 | regular |
| Nov 16, 2023 | — | $0.3700 | regular |
| Aug 10, 2023 | — | $0.3600 | regular |
| May 11, 2023 | — | $0.3600 | regular |
Income Calculator
At $1.68 / yr per share
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