Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial Corporation (NYSE: WBS) declared a quarterly cash dividend of $0.40 per share on common stock, payable on February 23, 2021, to shareholders of record by February 9, 2021. Additionally, a quarterly cash dividend of $328.125 per share on Series F Preferred Stock will be paid on March 15, 2021, to shareholders of record by March 1, 2021. With $32.6 billion in assets, Webster continues to provide a range of banking services through its divisions, including consumer and commercial banking.

Positive

• Quarterly cash dividend of $0.40 per share enhances shareholder returns.
• Strong asset base of $32.6 billion indicates financial stability.

Negative

• None.

WATERBURY, Conn., Jan. 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 the common shares will be payable February 23, 2021 to shareholders of record on February 9, 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 March 15, 2021 to shareholders of record on March 1, 2021. 

About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $32.6 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 155 banking centers and 297 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:	Investor Contacts:
Alice Ferreira, 203-578-2610	Terry Mangan, 203-578-2318
acferreira@websterbank.com	tmangan@websterbank.com
	Kristen Manginelli, 203-578-2307
	kmanginelli@websterbank.com

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SOURCE Webster Financial Corporation

FAQ

What is the dividend amount declared by WBS for January 2021?

Webster Financial Corporation declared a dividend of $0.40 per share for January 2021.

When will the dividend for common stock be paid?

The dividend on common stock will be paid on February 23, 2021.

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

The Series F Preferred Stock dividend will be paid on March 15, 2021.

What is the record date for the common stock dividend?

The record date for the common stock dividend is February 9, 2021.

How much is the Series F Preferred Stock dividend?

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