WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco (Nasdaq: WSBC) announced a quarterly cash dividend of $0.36 per share, payable on July 1, 2024, to shareholders of record as of June 7, 2024. This equates to an annualized dividend rate of $1.44 per common share. Founded in 1870, WesBanco is a diversified financial services company operating over 190 financial centers across six states. The company offers a wide range of banking, trust, wealth management, and insurance services, with approximately $5.6 billion in assets under management as of March 31, 2024.

Positive

• Quarterly cash dividend of $0.36 per share.
• Annualized dividend rate of $1.44 per share.
• Dividend payable on July 1, 2024.
• Over 190 financial centers across six states.
• Approximately $5.6 billion in assets under management.
• Diverse range of banking, trust, wealth management, and insurance services.

Negative

• No mention of new financial performance metrics or growth indicators.
• Dividend payout is static, showing no increase from the previous quarter.

WHEELING, W.Va., May 15, 2024 /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 $0.36 per share to be paid to its holders of common stock. The dividend will be payable on July 1, 2024 to shareholders of record on June 7, 2024, and represents an annualized cash dividend rate of $1.44 per common share.

About WesBanco, Inc.
Founded in 1870, Wesbanco, Inc. 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. The company's banking subsidiary, Wesbanco Bank, Inc., operates more than 190 financial centers in the states of Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia. 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, the company provides trust, wealth management, securities brokerage, and private banking services through its century-old Trust and Investment Services department, with approximately $5.6 billion of assets under management (as of March 31, 2024). The company also offers insurance and brokerage services through its affiliates and subsidiaries. Learn more at www.wesbanco.com and follow us on Facebook, LinkedIn and X, formerly Twitter.

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SOURCE WesBanco, Inc.

FAQ

When will WesBanco's next dividend be paid?

WesBanco's next dividend will be paid on July 1, 2024.

What is WesBanco's stock symbol?

WesBanco's stock symbol is WSBC.

What is the annualized dividend rate for WSBC?

The annualized dividend rate for WSBC is $1.44 per share.

How many financial centers does WesBanco operate?

WesBanco operates more than 190 financial centers.

When is the record date for WesBanco's upcoming dividend?

The record date for WesBanco's upcoming dividend is June 7, 2024.

What type of services does WesBanco offer?

WesBanco offers banking, trust, wealth management, and insurance services.

In which states does WesBanco operate?

WesBanco operates in Indiana, Kentucky, Maryland, Ohio, Pennsylvania, and West Virginia.

How much are WesBanco's assets under management?

WesBanco has approximately $5.6 billion in assets under management.