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WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders

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WesBanco (WSBC) has announced a 2.8% increase in its quarterly cash dividend to $0.37 per common share, up from $0.36. The dividend will be paid on January 2, 2025, to shareholders of record on December 6, 2024. This marks the company's eighteenth dividend increase since 2010, representing a cumulative increase of 164%. The new annualized dividend rate is $1.48 per share, yielding approximately 4.2% based on the closing stock price of $35.26. WesBanco currently manages $18.5 billion in total assets, with $6.1 billion in assets under management and $1.9 billion in securities account values.

WesBanco (WSBC) ha annunciato un aumento del 2,8% del suo dividendo in contante trimestrale a $0,37 per azione ordinaria, rispetto a $0,36. Il dividendo sarà pagato il 2 gennaio 2025 agli azionisti che risulteranno in carica il 6 dicembre 2024. Questo segna il diciottesimo aumento del dividendo dell'azienda dal 2010, rappresentando un incremento cumulativo del 164%. Il nuovo tasso di dividendo annualizzato è di $1,48 per azione, con un rendimento di circa il 4,2% basato sul prezzo di chiusura delle azioni di $35,26. WesBanco attualmente gestisce $18,5 miliardi in attivi totali, con $6,1 miliardi in attivi sotto gestione e $1,9 miliardi in valori dei conti titoli.

WesBanco (WSBC) ha anunciado un aumento del 2,8% en su dividendo en efectivo trimestral a $0,37 por acción ordinaria, subiendo desde $0,36. El dividendo se pagará el 2 de enero de 2025 a los accionistas registrados el 6 de diciembre de 2024. Este es el décimo octavo aumento del dividendo de la compañía desde 2010, lo que representa un aumento acumulativo del 164%. La nueva tasa de dividendo anual es de $1,48 por acción, con un rendimiento de aproximadamente el 4,2% basado en el precio de cierre de la acción de $35,26. Actualmente, WesBanco gestiona $18,5 mil millones en activos totales, con $6,1 mil millones en activos bajo gestión y $1,9 mil millones en valores de cuentas de valores.

WesBanco (WSBC)는 분기 현금 배당금을 $0.37로 2.8% 인상했다고 발표했습니다. 이는 이전의 $0.36에서 증가한 금액입니다. 이 배당금은 2025년 1월 2일에 지급될 예정이며, 2024년 12월 6일 기준으로 주주들에게 지급됩니다. 이는 2010년 이후 회사의 열여덟 번째 배당금 인상이자 누적 인상률 164%를 나타냅니다. 새로운 연간 배당금 비율은 주당 $1.48로, $35.26의 종가를 기준으로 약 4.2%의 수익률을 보여줍니다. WesBanco는 현재 총 자산 $18.5억을 관리하고 있으며, 그중 $6.1억은 관리 자산이고, $1.9억은 증권 계좌 값입니다.

WesBanco (WSBC) a annoncé une augmentation de 2,8% de son dividende en espèces trimestriel à $0,37 par action ordinaire, contre $0,36 précédemment. Le dividende sera versé le 2 janvier 2025 aux actionnaires enregistrés le 6 décembre 2024. Cela marque le dix-huitième augmentation de dividende de l'entreprise depuis 2010, représentant une augmentation cumulée de 164%. Le nouveau taux de dividende annualisé est de $1,48 par action, offrant un rendement d'environ 4,2% basé sur le prix de clôture de l'action à $35,26. WesBanco gère actuellement 18,5 milliards de dollars d'actifs totaux, dont 6,1 milliards de dollars d'actifs sous gestion et 1,9 milliard de dollars de valeurs de comptes titres.

WesBanco (WSBC) hat eine Erhöhung der vierteljährlichen Barausschüttung um 2,8% auf $0,37 pro Stammaktie angekündigt, gegenüber $0,36. Die Dividende wird am 2. Januar 2025 an die Aktionäre gezahlt, die am 6. Dezember 2024 eingetragen sind. Dies markiert die achtzehnte Dividendenerhöhung des Unternehmens seit 2010, was eine kumulierte Steigerung von 164% darstellt. Der neue annualisierte Dividendenbetrag beträgt $1,48 pro Aktie, was basierend auf dem Schlusskurs von $35,26 einer Rendite von etwa 4,2% entspricht. WesBanco verwaltet derzeit insgesamt $18,5 Milliarden in Vermögenswerten, davon $6,1 Milliarden in verwalteten Vermögenswerten und $1,9 Milliarden in Wertpapierkontowerten.

Positive
  • Quarterly dividend increased by 2.8% to $0.37 per share
  • Strong dividend growth history with 18 increases since 2010
  • Substantial assets under management of $18.5 billion
  • Attractive dividend yield of 4.2%
  • 164% cumulative dividend increase since 2010
Negative
  • None.

WHEELING, W.Va., Nov. 20, 2024 /PRNewswire/ -- WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has approved a 2.8% increase in the quarterly cash dividend to $0.37 per common share from the previous quarterly dividend of $0.36 per common share.  The higher dividend rate will be payable on January 2, 2025 to shareholders of record on December 6, 2024.  This is the eighteenth increase in the quarterly dividend since 2010 and represents a cumulative increase of 164% over that period.

The WesBanco Board of Directors approved this most recent cash dividend increase based in part on the Company's strong capital position and net income.  The new cash dividend represents an annualized cash dividend rate of $1.48 per common share.  Based upon yesterday's closing common stock price of $35.26, the new dividend equates to a yield of approximately 4.2%.

About WesBanco, Inc.
With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in Wheeling, West Virginia, WesBanco has $18.5 billion in total assets, with our Trust and Investment Services holding $6.1 billion of assets under management and securities account values (including annuities) of $1.9 billion through our broker/dealer, as of September 30, 2024. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

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SOURCE WesBanco, Inc.

FAQ

What is WesBanco's new quarterly dividend amount for 2025?

WesBanco (WSBC) has increased its quarterly dividend to $0.37 per common share, payable on January 2, 2025.

When is the record date for WesBanco's (WSBC) latest dividend?

The record date for WesBanco's increased quarterly dividend is December 6, 2024.

What is WesBanco's (WSBC) current dividend yield?

Based on the closing stock price of $35.26, WesBanco's new dividend represents a yield of approximately 4.2%.

How many dividend increases has WesBanco (WSBC) implemented since 2010?

WesBanco has implemented eighteen dividend increases since 2010, representing a cumulative increase of 164% over that period.

WesBanco Inc

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