WESTERN ALLIANCE BANCORPORATION current report, 01 May 2024

Full document

Business Context and Reporting Period

Company: Western Alliance Bancorporation
Filing Type: Form 8-K (Current Report)
Date of Report: May 1, 2024
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 solely addresses dividend declarations.

  • Common Stock Dividend: $0.37 per share.
  • Preferred Stock Dividend (Series A): $106.25 per share (equivalent to $0.265625 per depositary share).

Material Changes

The filing does not provide comparative financial data or discuss material changes in operating results versus prior periods.

Guidance, Outlook, and Management Commentary

Dividend Schedule:

  • Common Stock: Payable on May 31, 2024, to shareholders of record as of May 16, 2024.
  • Preferred Stock (Series A): Payable on June 30, 2024, to shareholders of record as of June 14, 2024.
Management Commentary: The Board of Directors declared these dividends at a meeting held on May 1, 2024. No forward-looking guidance or risk factors are disclosed in this specific report.

Investor Verification Checklist

  • Verify the record dates (May 16, 2024 for common; June 14, 2024 for preferred) to ensure eligibility for the declared dividends.
  • Confirm the payment dates (May 31, 2024 for common; June 30, 2024 for preferred) for cash flow planning.
  • Review the company's most recent 10-Q or 10-K for comprehensive financial performance data, as this 8-K contains only dividend information.