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 February 17, 2023, to shareholders of record by February 6, 2023.

Additionally, dividends for preferred stock include $328.125 per share on Series F, payable on March 15, 2023, and $16.25 per share on Series G, payable on April 15, 2023. These distributions highlight Webster's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.40 per share announced for common stock.
• Dividend payments reflect the company's commitment to shareholder returns.

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• None.

STAMFORD, Conn., Jan. 25, 2023 /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 February 17, 2023, to shareholders of record as of February 6, 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 March 15, 2023, to shareholders of record on March 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 April 15, 2023, to shareholders of record on March 31, 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 $69.1 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

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SOURCE Webster Financial Corporation

FAQ

What is the dividend amount for Webster Financial Corporation's common stock?

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

When will Webster Financial's common stock dividend be paid?

The common stock dividend will be paid on February 17, 2023.

What are the dividend details for Webster's Series F preferred stock?

Webster's Series F preferred stock will pay a dividend of $328.125 per share, payable on March 15, 2023.

What is the dividend for Series G preferred stock of Webster Financial?

The Series G preferred stock will pay a dividend of $16.25 per share, payable on April 15, 2023.