CORRECTING and REPLACING Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial Corporation (NYSE:WBS) has declared dividends for its common stock and preferred stock. The quarterly cash dividend for common shares is $0.40 per share and will be payable on November 13, 2023. The dividend for Series F Preferred Stock is $328.125 per share and will be payable on December 15, 2023. The dividend for Series G Preferred Stock is $16.25 per share and will be payable on January 15, 2024.

Positive

• Webster Financial Corporation has declared dividends for its common stock and preferred stock, which could positively impact the stock price. The quarterly cash dividend for common shares is $0.40 per share, providing potential income for investors. The dividend for Series F Preferred Stock is $328.125 per share, offering a significant return for shareholders. The dividend for Series G Preferred Stock is $16.25 per share, providing additional income for investors.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Fourth paragraph of release dated October 24, 2023, should read: ... payable January 15, 2024 (instead of January 15, 2023).

The updated release reads:

WEBSTER FINANCIAL CORPORATION DECLARES COMMON AND PREFERRED DIVIDENDS

Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.

The dividend on common shares will be payable November 13, 2023, to shareholders of record as of November 3, 2023.

On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable December 15, 2023, to shareholders of record on December 1, 2023.

On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represents one share of Series G Preferred Stock), payable January 15, 2024, to shareholders of record on December 31, 2023.

About Webster

Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and its HSA Bank division, one of the country’s largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with more than $70 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024854324/en/

Media Contact:

Alice Ferreira, 203-578-2610

acferreira@websterbank.com

Investor Contact:

Emlen Harmon, 212-309-7646

eharmon@websterbank.com

Source: Webster Financial Corporation

FAQ

What dividends has Webster Financial Corporation declared?

Webster Financial Corporation has declared dividends for its common stock, Series F Preferred Stock, and Series G Preferred Stock.

When will the dividend for common shares be payable?

The dividend for common shares will be payable on November 13, 2023.

What is the dividend amount for Series F Preferred Stock?

The dividend for Series F Preferred Stock is $328.125 per share.

When will the dividend for Series G Preferred Stock be payable?

The dividend for Series G Preferred Stock will be payable on January 15, 2024.