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 November 24, 2020 to shareholders of record on November 10, 2020. Additionally, a cash dividend of $328.125 per share on its Series F Preferred Stock will be paid on December 15, 2020 to shareholders of record on December 1, 2020. This steady dividend payout reflects confidence in the company's financial health, which holds $33.0 billion in assets, providing diverse banking services through multiple channels.

Positive

• $0.40 quarterly cash dividend for common stock enhances shareholder income.
• Strong asset base of $33.0 billion reflects robust financial stability.
• Consistent dividends suggest confidence in ongoing profitability.

Negative

• None.

WATERBURY, Conn., Oct. 27, 2020 /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 November 24, 2020 to shareholders of record on November 10, 2020.

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 December 15, 2020 to shareholders of record on December 1, 2020. 

About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $33.0 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 156 banking centers and 298 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 Contact:
Alice Ferreira, 203-578-2610		Terry Mangan, 203-578-2318
acferreira@websterbank.com		tmangan@websterbank.com

 

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SOURCE Webster Financial Corporation

FAQ

What is the dividend amount declared by WBS?

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

When will the dividend be paid for WBS?

The dividend on the common stock will be payable on November 24, 2020.

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

The Series F Preferred Stock dividend will be paid on December 15, 2020.

Who are the shareholders of record for the WBS dividend?

Shareholders of record for the common stock must hold shares by November 10, 2020, and for the Series F Preferred Stock by December 1, 2020.