WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) has declared a quarterly cash dividend of $0.33 per share, payable on July 1, 2021. Shareholders of record as of June 11, 2021 will receive this dividend, representing an annualized rate of $1.32 per share. The announcement reflects the company's commitment to delivering consistent returns to its shareholders amidst its diversified financial services across six states, emphasizing both community involvement and sustainable growth.

Positive

• Quarterly cash dividend of $0.33 per share increases shareholder income.
• Annualized dividend rate of $1.32 per share signifies company confidence.

Negative

• None.

WHEELING, W.Va., May 19, 2021 /PRNewswire/ -- 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 July 1, 2021 to shareholders of record on June 11, 2021, and 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 $5.2 billion of assets under management (as of March 31, 2021).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 212 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 will the dividend be paid to shareholders of WesBanco (WSBC)?

The dividend will be paid on July 1, 2021.

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

The record date for the dividend is June 11, 2021.

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

The annualized dividend rate is $1.32 per share.