Western Alliance Offers Shareholders a New Share Repurchase Program

Core Points - Western Alliance Bancorporation (WAL) has approved a new share repurchase program of up to $300 million with no expiration date, providing flexibility for share buybacks [1][11] - The repurchase may occur through various methods including open-market purchases and private transactions, adhering to SEC regulations [2][3] - WAL has a history of regular dividend payments, recently announcing a quarterly cash dividend of 38 cents per share, which reflects a 2.7% increase from the previous amount [4][5] - The company has a payout ratio of 20% and a current dividend yield of 1.71%, based on a closing price of $89.05 [5] - As of June 30, 2024, WAL's total cash and cash equivalents were $2.8 billion, with total debt at $6.7 billion, indicating a strong liquidity profile [8] - Over the past year, WAL shares have gained 3.5%, while the industry has seen a growth of 12.3% [9]