WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco, Inc. (Nasdaq: WSBC) has declared a quarterly cash dividend of $0.34 per share, set to be paid on July 1, 2022. Shareholders on record as of June 10, 2022 will receive this dividend, reflecting an annualized cash dividend rate of $1.36 per share. The decision demonstrates the company's commitment to returning value to its shareholders while maintaining its diversified financial services across six states.

Positive

• Quarterly cash dividend of $0.34 per share enhances shareholder value.
• Annualized dividend rate of $1.36 indicates strong cash flow.

Negative

• None.

WHEELING, W.Va., May 18, 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 July 1, 2022 to shareholders of record on June 10, 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 $5.4 billion of assets under management (as of March 31, 2022).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 205 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 WSBC dividend payment amount?

WesBanco, Inc. has declared a quarterly cash dividend of $0.34 per share.

When will the WSBC dividend be paid?

The dividend will be paid on July 1, 2022.

What is the record date for the WSBC dividend?

The record date for the dividend is June 10, 2022.

What is the annualized dividend rate for WSBC?

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