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Western Alliance Bancorporation (WAL) has initiated a new share repurchase program, allowing for the repurchase of up to $300 million of its common stock. The program does not have an expiration date, providing the company flexibility for execution through various means, including open-market purchases and private transactions.
As of June 30, 2024, WAL reported total cash and cash equivalents of $2.8 billion and total debt of $6.7 billion. The company has consistently paid dividends, with a quarterly cash dividend of 38 cents per share announced on July 31, 2025, reflecting a 2.7% increase from the previous quarter. This brings WAL’s dividend yield to 1.71% based on a closing price of $89.05.
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