Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial Corporation (NYSE:WBS) has declared a quarterly cash dividend of $0.40 per share on its common stock, payable on November 23, 2021, to shareholders on record as of November 9, 2021. Additionally, a dividend of $328.125 per share will be distributed on its Series F Preferred Stock, payable on December 15, 2021, to shareholders of record by December 1, 2021. With $35.4 billion in assets, Webster Bank and its divisions continue to serve a wide range of banking needs.

Positive

• Quarterly cash dividend of $0.40 per share on common stock.
• Dividend payable to shareholders indicates strong financial health.
• Confident distribution of $328.125 per share on Series F Preferred Stock.

Negative

• None.

WATERBURY, Conn., Oct. 26, 2021 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today 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 23, 2021 to shareholders of record as of November 9, 2021.

On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable December 15, 2021 to shareholders of record on December 1, 2021.

About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $35.4 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 130 banking centers and 254 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. 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:
Kristen Manginelli, 203-578-2307
kmanginelli@websterbank.com

View original content:https://www.prnewswire.com/news-releases/webster-financial-corporation-declares-common-and-preferred-dividends-301409189.html

SOURCE Webster Financial Corporation

FAQ

What is the dividend amount declared by WBS?

Webster Financial Corporation declared a quarterly cash dividend of $0.40 per share.

What is the payment date for WBS's common stock dividend?

The common stock dividend will be payable on November 23, 2021.

What is the dividend payment for Series F Preferred Stock by WBS?

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

When will the Series F Preferred Stock dividend be paid?

The Series F Preferred Stock dividend will be payable on December 15, 2021.

Who is eligible to receive the WBS dividend?

Shareholders on record by November 9, 2021, for common stock and December 1, 2021, for Series F Preferred Stock are eligible.