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Ex-Dividend Reminder: Western Alliance Bancorporation, Macerich and Park National

By Dividend Channel Staff, Tuesday, February 16, 10:09 AM ET

On 2/18/21, Western Alliance Bancorporation (NYSE:WAL), Macerich Co (NYSE:MAC), and Park National Corp (AMEX:PRK) will all trade ex-dividend for their respective upcoming dividends. Western Alliance Bancorporation will pay its quarterly dividend of $0.25 on 3/5/21, Macerich Co will pay its quarterly dividend of $0.15 on 3/3/21, and Park National Corp will pay its quarterly dividend of $1.03 on 3/10/21.

As a percentage of WAL's recent stock price of $79.11, this dividend works out to approximately 0.32%, so look for shares of Western Alliance Bancorporation to trade 0.32% lower — all else being equal — when WAL shares open for trading on 2/18/21. Similarly, investors should look for MAC to open 1.15% lower in price and for PRK to open 0.87% lower, all else being equal.

Below are dividend history charts for WAL, MAC, and PRK, showing historical dividends prior to the most recent ones declared.

Western Alliance Bancorporation (NYSE:WAL):

Macerich Co (NYSE:MAC):

Park National Corp (AMEX:PRK):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.26% for Western Alliance Bancorporation, 4.59% for Macerich Co , and 3.48% for Park National Corp .


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In Tuesday trading, Western Alliance Bancorporation shares are currently up about 1.2%, Macerich Co shares are up about 1.4%, and Park National Corp shares are up about 0.9% on the day.


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