Business Context and Reporting Period
Company: Western Alliance Bancorporation
Filing Type: Form 8-K (Current Report)
Date of Report: July 31, 2023
Event: Declaration of quarterly cash dividends for common and preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It is a current report focused solely on dividend declarations.
Material Changes
No material changes to financial performance or operations are reported in this document. The filing announces the Board of Directors' decision to declare the following dividends:
- Common Stock: $0.36 per share.
- Preferred Stock (Series A): $106.25 per share (equivalent to $0.265625 per depositary share).
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. It strictly details the dividend payment schedule:
- Common Stock Payment Date: August 25, 2023 (Record Date: August 11, 2023).
- Preferred Stock Payment Date: September 30, 2023 (Record Date: September 15, 2023).
Investor Verification Checklist
- Verify the record dates (August 11, 2023 for common; September 15, 2023 for preferred) to ensure eligibility for the declared dividends.
- Confirm the payment dates (August 25, 2023 for common; September 30, 2023 for preferred) for cash flow planning.
- Review the most recent 10-Q or 10-K filing for comprehensive financial performance data, as this 8-K does not contain operational metrics.