The Dynamic Dividend

West Bancorporation Continues Dividend Comeback

West Bancorporation (WTBA) declared a quarterly dividend of $0.07 per share today, which is a 40% improvement over the $0.05 the bank holding company paid each of the last two quarters.

This is the first dividend hike from the parent of West Bank since reinstating its payout back in April. West’s quarterly dividend previously reached a peak of $0.16 per share before the company was forced to slash — and eventually halt — its payout in 2009.

Shares of WTBA are trading at $9.89, where they now carry a 2.83% dividend yield.