The Dynamic Dividend

West Bancorporation’s Dividend Comeback Continues

West Bancorporation (WTBA) declared a quarterly dividend of $0.08 per share today, which is a 14% increase over its previous payout and a 60% improvement over the amount initially paid when the bank holding company reinstated its dividend last year.

This is the second dividend hike from the parent of West Bank since bringing its payout back at a rate of $0.05 per share last April. (West Bank gave its shareholders a 40% raise in October.) West’s quarterly rate 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 $9.59, where they now carry a 3.34% dividend yield.