WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) announced a quarterly cash dividend of $0.33 per share, payable on January 3, 2022, to shareholders of record as of December 10, 2021. This dividend reflects an annualized rate of $1.32 per common share. The declaration signifies WesBanco's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.33 per share indicates strong financial performance and shareholder returns.
• Annualized dividend rate of $1.32 per share reflects company confidence in future earnings.

Negative

• None.

WHEELING, W.Va., Nov. 17, 2021  WesBanco, Inc. (Nasdaq:WSBC), a diversified, multi-state bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend of $0.33 per share to be paid to its holders of common stock.  The dividend will be payable on January 3, 2022 to shareholders of record as of December 10, 2021.  The dividend of $0.33 per share represents an annualized cash dividend rate of $1.32 per common share.

About WesBanco, Inc.
Founded in 1870, WesBanco, Inc. (www.wesbanco.com) is a diversified and balanced financial services company that delivers large bank capabilities with a community bank feel.  Our distinct long-term growth strategies are built upon unique sustainable advantages permitting us to span six states with meaningful market share.  Built upon our 'Better Banking Pledge', our customer-centric service culture is focused on growing long-term relationships by pledging to serve all personal and business customer needs efficiently and effectively.  In addition to a full range of online and mobile banking options and a full-suite of commercial products and services, WesBanco provides trust, wealth management, securities brokerage, and private banking services through our century-old Trust and Investment Services department, with approximately $5.5 billion of assets under management (as of September 30, 2021).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 206 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.  Additionally, WesBanco operates an insurance agency, WesBanco Insurance Services, Inc., and a full service broker/dealer, WesBanco Securities, Inc.

 

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SOURCE WesBanco, Inc.

FAQ

What is the dividend amount declared by WesBanco (WSBC)?

WesBanco declared a quarterly cash dividend of $0.33 per share.

When is the dividend payable for WesBanco (WSBC)?

The dividend will be payable on January 3, 2022.

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

The record date for the dividend is December 10, 2021.

What is the annualized dividend rate for WesBanco (WSBC)?

The annualized cash dividend rate is $1.32 per common share.