The updated dividend equates to an annual payout of $1.16 per share. Based on the company’s closing stock price of $60.31 on Monday, the yield sits at 1.9% annually. The bank confirmed that the payment will be distributed on November 6 to all shareholders of record as of November 2.
West Coast Community Bancorp Raises Dividend Payout
Shareholders of West Coast Community Bancorp will see a 16% increase in their quarterly dividend, moving the payout to 29 cents per share from the previous 25 cents. This adjustment reflects the bank's latest financial distribution policy, with the new rate set to take effect for eligible investors this November.
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