West Shore Bank Corp. operates as the bank holding company for West Shore Bank that provides various banking products and services for individuals and businesses. The company accepts checking, saving, money market, certificates of deposit, and individual retirement accounts. Its loan products include auto, recreational, personal term, commercial real estate, small business administration, municipal, business term, and home mortgage and equity loans; business lines of credit; and letters of credit. The company also offers ATM/debit, credit, and gift and travel cards; wealth planning process, investment management, trusts and estates, retirement planning, west shore investment services; savings bonds; and direct deposit, overdraft, safe deposit boxes, wire transfer, remote deposit capture, merchant card, ACH and wire, sweep accounts, positive pay, bill pay, and online and mobile banking services. The company was founded in 1898 and is based in Ludington, Michigan.
West Shore Bank Dividend Announcement
• West Shore Bank announced a quarterly dividend of $0.23 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• West Shore Bank annual dividend for 2024 was $0.92
• West Shore Bank annual dividend for 2023 was $0.88
• West Shore Bank's trailing twelve-month (TTM) dividend yield is 3.79%
• West Shore Bank's payout ratio for the trailing twelve months (TTM) is 28.85%
• West Shore Bank's dividend growth over the last five years (2018-2023) was 0.46% year
• West Shore Bank's dividend growth over the last ten years (2013-2023) was 0.96% year
West Shore Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.23 | quarterly | 2024-11-22 |
2024-08-16 | $0.23 | quarterly | 2024-08-30 |
2024-05-09 | $0.23 | quarterly | 2024-05-24 |
2024-02-08 | $0.23 | quarterly | 2024-02-23 |
2023-11-09 | $0.22 | quarterly | 2023-11-24 |
2023-08-10 | $0.22 | quarterly | 2023-08-25 |
2023-05-11 | $0.22 | quarterly | 2023-05-26 |
2023-02-09 | $0.22 | quarterly | 2023-02-24 |
2022-11-09 | $0.22 | quarterly | 2022-11-25 |
2022-08-11 | $0.22 | quarterly | 2022-08-26 |
2022-05-12 | $0.22 | quarterly | 2022-05-27 |
2022-02-10 | $0.22 | quarterly | 2022-02-25 |
2021-11-15 | $0.22 | quarterly | 2021-11-30 |
2021-08-13 | $0.22 | quarterly | 2021-08-30 |
2021-05-13 | $0.22 | quarterly | 2021-05-28 |
2021-02-11 | $0.22 | quarterly | 2021-02-26 |
2020-11-13 | $0.22 | quarterly | 2020-11-30 |
2020-08-13 | $0.22 | quarterly | 2020-08-28 |
2020-05-14 | $0.22 | quarterly | 2020-05-29 |
2020-02-13 | $0.22 | quarterly | 2020-02-28 |
2019-11-14 | $0.22 | quarterly | 2019-11-29 |
2019-08-15 | $0.22 | quarterly | 2019-08-30 |
2019-05-16 | $0.22 | quarterly | 2019-05-31 |
2019-02-13 | $0.22 | quarterly | 2019-02-28 |
2018-07-31 | $0.43 | quarterly | 2018-08-17 |
2018-02-08 | $0.43 | quarterly | 2018-02-23 |
2017-07-31 | $0.43 | quarterly | 2017-08-18 |
2017-02-02 | $0.42 | quarterly | 2017-02-24 |
2016-08-01 | $0.42 | quarterly | 2016-08-19 |
2016-02-04 | $0.42 | quarterly | 2016-02-26 |
2015-08-03 | $0.42 | quarterly | 2015-08-17 |
2015-02-05 | $0.42 | quarterly | 2015-02-27 |
2014-07-28 | $0.42 | quarterly | 2014-08-15 |
2014-02-06 | $0.42 | quarterly | 2014-02-28 |
2013-07-31 | $0.40 | quarterly | 2013-08-16 |
2013-02-07 | $0.40 | quarterly | 2013-02-25 |
West Shore Bank Dividend per year
West Shore Bank Dividend growth
West Shore Bank Dividend Yield
West Shore Bank current trailing twelve-month (TTM) dividend yield is 3.79%. Interested in purchasing West Shore Bank stock? Use our calculator to estimate your expected dividend yield:
West Shore Bank Financial Ratios
West Shore Bank Dividend FAQ
Other factors to consider when evaluating West Shore Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: West Shore Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, West Shore Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, West Shore Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from West Shore Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: West Shore Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, West Shore Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: West Shore Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of West Shore Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review West Shore Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.