Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial Corporation (NYSE: WBS) announced a quarterly cash dividend of $0.40 per share on its common stock, payable on November 14, 2022, to shareholders of record as of November 4, 2022. Additionally, it declared dividends on Series F Preferred Stock of $328.125 per share, payable on December 15, 2022, and on Series G Preferred Stock of $16.25 per share, payable on January 15, 2023. The company manages $69.1 billion in assets and operates across the northeastern U.S.

Positive

• Declared quarterly common stock dividend of $0.40 per share, enhancing income for shareholders.
• Strong asset base of $69.1 billion, indicating company stability.

Negative

• None.

STAMFORD, Conn., Oct. 25, 2022 /PRNewswire/ -- 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 14, 2022, to shareholders of record as of November 4, 2022.

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, 2022, to shareholders of record on December 1, 2022.

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, 2023, to shareholders of record on January 1, 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 $69.1 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.

Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com

Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com

 

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SOURCE Webster Financial Corporation

FAQ

What is the dividend amount for Webster Financial Corporation (WBS)?

The dividend amount declared for common stock is $0.40 per share.

When will the dividends be paid for WBS common and preferred stock?

The dividend for common stock will be paid on November 14, 2022; for Series F Preferred Stock on December 15, 2022; and for Series G Preferred Stock on January 15, 2023.

Who are the shareholders of record for the upcoming dividends for WBS?

Shareholders of record for the common stock dividend are those as of November 4, 2022.

How often does Webster Financial Corporation (WBS) declare dividends?

Webster Financial Corporation typically declares dividends quarterly.