WAL Stock — Western Alliance Bancorporation

Western Alliance Bancorporation (WAL)

Updated October 16, 2026.

WAL is a Stock. its distribution rate is 2.25%, its trailing-12-month yield is 2.25%. Dividend Vision Distribution Safety Score™ is 86/100 (Safe). Total return is 241.6% over the past 21.3 years, 602.4 points behind SPY at 844.0%.

Western Alliance Bancorporation is a bank holding company operating Western Alliance Bank, which provides commercial and consumer banking services, treasury management, residential mortgage products, and various loan offerings primarily across Arizona, California, and Nevada. The company distributes dividends quarterly at a modest current distribution rate. This security appeals to income investors seeking exposure to regional banking with a steady dividend component.

WAL performance versus SPY

Price and return data through 2026-10-16.

Total return is 241.6% over the past 21.3 years, 602.4 points behind SPY at 844.0%. Over the past year its total return — price change plus distributions reinvested — is 8.2%. Its deepest 1-year drawdown was 30.3%.

WAL key facts

Distribution Safety Score™

86 · Safe

Safety-Adjusted Yield

1.94%

Asset type

Stock

Asset class

Equity

Inception date

06/30/2005

Distribution rate

2.25%

Distribution frequency

Quarterly

Trailing yield

2.25%

5-year average yield

1.97

Last close

$74.51 (as of 2026-10-16)

Market cap

$8,129,105,377

Average volume

852815.0

Dividend

$0.42

Ex-dividend date

08/13/2026

Payment date

08/27/2026

Beta

1.417

Payout ratio

20.5%

P/E ratio

8.41

Forward P/E

6.5746

EPS

$8.86

How Dividend Vision calculates yield and returns

Distribution rate (2.25%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (2.25%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

WAL risks and drawbacks

WAL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 30.3%.

Who may consider WAL — and who may not

WAL may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (WAL pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on WAL

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Tagged: Financials, Dividend.

Frequently asked questions