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 August 17, 2022, to shareholders of record by August 2, 2022. Additionally, a quarterly cash dividend was declared on Series F Preferred Stock at $328.125 per share, payable on September 15, 2022. For Series G Preferred Stock, the quarterly dividend is set at $16.25 per share, payable on October 15, 2022. The company maintains over $65 billion in assets and operates primarily in the Northeast U.S.

Positive

• $0.40 quarterly dividend per share for common stock.
• $328.125 dividend on Series F Preferred Stock.
• $16.25 dividend on Series G Preferred Stock.
• Company confidence reflected in consistent dividend payments.

Negative

• None.

STAMFORD, Conn., July 18, 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 August 17, 2022, to shareholders of record as of August 2, 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 September 15, 2022, to shareholders of record on September 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 represent one share of Series G Preferred Stock), payable October 15, 2022, to shareholders of record on October 1, 2022.

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 $65 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 declared by Webster Financial Corporation (WBS)?

Webster Financial Corporation declared a quarterly cash dividend of $0.40 per share on its common stock.

When will the common stock dividend for WBS be paid?

The common stock dividend will be payable on August 17, 2022.

What are the payment dates for the preferred stock dividends of WBS?

The Series F Preferred Stock dividend will be paid on September 15, 2022, and the Series G Preferred Stock on October 15, 2022.

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

Shareholders of record for the common stock dividend are as of August 2, 2022; for Series F, it's September 1, 2022; and for Series G, October 1, 2022.