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 common stock, payable on May 22, 2023, to shareholders of record as of May 8, 2023.

Additionally, the company announced dividends on Series F and Series G Preferred Stock. The Series F dividend is $328.125 per share, payable on June 15, 2023, to shareholders of record on June 1, 2023. The Series G dividend is $16.25 per share, payable on July 15, 2023, to shareholders of record on June 30, 2023.

Webster Financial, headquartered in Stamford, CT, has approximately $75 billion in assets and serves the northeastern U.S. market.

Positive

• Quarterly cash dividend of $0.40 per share enhances shareholder income.
• Strong asset base of $75 billion indicates financial stability.
• Regular dividend payments show ongoing commitment to returning value to shareholders.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- 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 May 22, 2023, to shareholders of record as of May 8, 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 June 15, 2023, to shareholders of record on June 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 July 15, 2023, to shareholders of record on June 30, 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 $75 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/20230426006006/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 is the dividend amount declared by Webster Financial Corporation?

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

When will the dividends be paid by Webster Financial for Series F Preferred Stock?

The dividends for Series F Preferred Stock will be paid on June 15, 2023.

What is the record date for the common stock dividend of Webster Financial?

The record date for the common stock dividend is May 8, 2023.

How much is the dividend for Series G Preferred Stock?

The dividend for Series G Preferred Stock is $16.25 per share.

What is the financial status of Webster Financial Corporation?

Webster Financial Corporation has approximately $75 billion in assets.