Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial (NYSE: WBS) has declared dividends for its common and preferred stocks. The quarterly cash dividend for common stock is $0.40 per share, payable on Aug. 8, 2024, to shareholders of record as of July 29, 2024. For Series F Preferred Stock, a quarterly cash dividend of $328.125 per share ($0.328125 per depositary share) will be paid on Sept. 16, 2024, to shareholders of record on Sept. 1, 2024. The Series G Preferred Stock will receive a quarterly cash dividend of $16.25 per share ($0.40625 per depositary share), payable on Oct. 15, 2024, to shareholders of record on Sept. 30, 2024.

Positive

• Consistent dividend payments for common and preferred stockholders
• Maintained quarterly dividend of $0.40 per share for common stock

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., 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 Aug. 8, 2024, to shareholders of record as of July 29, 2024.

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 Sept. 16, 2024, to shareholders of record on Sept. 1, 2024.

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 Oct. 15, 2024, to shareholders of record on Sept. 30, 2024.

About Webster

Webster Financial Corporation (NYSE: WBS) is the holding company for Webster Bank, N.A. 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 Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $76 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/20240717323602/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 for Webster Financial (WBS) common stock in 2024?

Webster Financial (WBS) declared a quarterly cash dividend of $0.40 per share on its common stock for 2024.

When is the payment date for Webster Financial 's (WBS) common stock dividend in 2024?

The payment date for Webster Financial 's (WBS) common stock dividend is August 8, 2024.

What is the record date for Webster Financial 's (WBS) common stock dividend in 2024?

The record date for Webster Financial 's (WBS) common stock dividend is July 29, 2024.

How much is the quarterly dividend for Webster Financial 's (WBS) Series F Preferred Stock?

The quarterly dividend for Webster Financial 's (WBS) Series F Preferred Stock is $328.125 per share ($0.328125 per depositary share).

When will Webster Financial (WBS) pay the dividend for Series G Preferred Stock in 2024?

Webster Financial (WBS) will pay the dividend for Series G Preferred Stock on October 15, 2024.