WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco, Inc. (NASDAQ: WSBC) announced a quarterly cash dividend of $0.34 per share, payable on October 1, 2022 to shareholders of record by September 9, 2022. This dividend represents an annualized cash dividend rate of $1.36 per share. Recognized for its strong performance, WesBanco operates 194 financial centers across six states and manages approximately $4.8 billion in assets. The bank emphasizes a customer-centric approach and has been ranked as one of America's Best Banks by Forbes.

Positive

• Declared quarterly cash dividend of $0.34 per share.
• Annualized cash dividend rate of $1.36 per share.
• Strong financial performance recognized by Forbes.

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• None.

WHEELING, W.Va., Aug. 25, 2022 /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 $0.34 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2022 to shareholders of record on September 9, 2022, and represents an annualized cash dividend rate of $1.36 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.  Furthermore, our strong financial performance and employee focus has earned us recognition by Forbes as both one of America's Best Banks and Best Midsize Employers – the only midsize bank making the top ten of both rankings.  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 $4.8 billion of assets under management (as of June 30, 2022).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 194 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 $0.34 per share.

When will the dividend for WesBanco be paid?

The dividend will be paid on October 1, 2022.

What is the record date for WesBanco's dividend?

The record date for the dividend is September 9, 2022.

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

The annualized cash dividend rate is $1.36 per common share.