The Board of Directors of Westamerica Bancorporation (NASDAQ: WABC) has declared a quarterly cash dividend of $0.41 per share on common stock outstanding to shareholders of record at the close of business May 4, 2020. The dividend is payable May 15, 2020.

Chairman, President and CEO David Payne stated, “This dividend recognizes Westamerica’s healthy capital level, sound asset quality, and profitability.”

On April 16, 2020, Westamerica reported $17 million in net income for the three months ended March 31, 2020, or $0.63 diluted earnings per common share.

Westamerica Bancorporation, through its wholly owned subsidiary, Westamerica Bank, operates banking and trust offices throughout Northern and Central California.