Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial Corporation declares quarterly cash dividends on common stock and preferred stock.

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• Webster Financial Corporation announced a quarterly cash dividend of $0.40 per share on its common stock. The dividend will be payable on August 16, 2023, to shareholders of record as of August 2, 2023. Webster also declared quarterly cash dividends of $328.125 per share on its Series F Preferred Stock and $16.25 per share on its Series G Preferred Stock.

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• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- 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 August 16, 2023, to shareholders of record as of August 2, 2023.

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 September 15, 2023, to shareholders of record on September 1, 2023.

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 represents one share of Series G Preferred Stock), payable October 15, 2023, to shareholders of record on September 30, 2023.

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 $75 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/20230719390381/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 declared by Webster Financial Corporation on its common stock?

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

When will the dividend on common shares be payable?

The dividend on common shares will be payable on August 16, 2023.

What is the dividend declared on Webster's Series F Preferred Stock?

Webster declared a quarterly cash dividend of $328.125 per share on its Series F Preferred Stock.

When will the dividend on Series F Preferred Stock be payable?

The dividend on Series F Preferred Stock will be payable on September 15, 2023.

What is the dividend declared on Webster's Series G Preferred Stock?

Webster declared a quarterly cash dividend of $16.25 per share on its Series G Preferred Stock.

When will the dividend on Series G Preferred Stock be payable?

The dividend on Series G Preferred Stock will be payable on October 15, 2023.