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 May 19, 2021, to shareholders of record on May 5, 2021. Furthermore, a quarterly cash dividend of $328.125 per share on its Series F Preferred Stock will be paid on June 15, 2021, to shareholders of record on June 1, 2021. With $33.3 billion in assets, Webster offers a range of banking services through its various divisions.

Positive

• Quarterly dividend of $0.40 per share on common stock supports income for shareholders.
• Quarterly dividend of $328.125 per share on Series F Preferred Stock enhances investor confidence.

Negative

• None.

WATERBURY, Conn., April 21, 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 the common shares will be payable May 19, 2021 to shareholders of record on May 5, 2021.

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, 2021 to shareholders of record on June 1, 2021. 

About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $33.3 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 148 banking centers and 280 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:http://www.prnewswire.com/news-releases/webster-financial-corporation-declares-common-and-preferred-dividends-301274283.html

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 common stock dividend be paid?

The common stock dividend will be paid on May 19, 2021.

What is the dividend amount for Series F Preferred Stock?

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

When is the payment date for the Series F Preferred Stock dividend?

The payment date for the Series F Preferred Stock dividend is June 15, 2021.

Who are the shareholders of record for the common stock dividend?

The shareholders of record for the common stock dividend are those on May 5, 2021.

Who can receive the Series F Preferred Stock dividend?

The Series F Preferred Stock dividend can be received by shareholders of record on June 1, 2021.