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 common stock, payable on May 27, 2022, to shareholders of record by May 12, 2022. Additionally, quarterly dividends were declared for Series F and G Preferred Stock, set at $328.125 and $16.25 per share, respectively. These will be payable on June 15, 2022, and July 15, 2022. Webster, headquartered in Stamford, CT, has assets of $65 billion and operates across the northeastern U.S., focusing on commercial and consumer banking solutions.

Positive

• Quarterly cash dividend of $0.40 per share reflects financial stability and shareholder return.
• Significant dividends declared for Series F and G Preferred Stock, enhancing attractiveness for preferred shareholders.

Negative

• None.

STAMFORD, Conn., April 28, 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 May 27, 2022, to shareholders of record as of May 12, 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 June 15, 2022, to shareholders of record on June 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 July 15, 2022, to shareholders of record on July 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 $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

View original content:https://www.prnewswire.com/news-releases/webster-financial-corporation-declares-common-and-preferred-dividends-301535334.html

SOURCE Webster Financial Corporation

FAQ

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

The dividend amount for Webster Financial Corporation is $0.40 per share on common stock.

When will the cash dividend for WBS be paid?

The cash dividend for WBS will be paid on May 27, 2022.

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

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

Who are the shareholders of record for the WBS dividends?

Shareholders of record for the common stock must be registered by May 12, 2022, for the dividend payout.