WesBanco Declares Quarterly Cash Dividend Upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (Nasdaq:WSBCP). This dividend covers the period from February 15, 2022 to May 15, 2022, and is payable on May 16, 2022, to shareholders of record as of May 1, 2022. This announcement reflects WesBanco’s commitment to providing consistent returns to its shareholders.

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• Declared a quarterly cash dividend of $0.421875 per depositary share, reinforcing shareholder returns.

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WHEELING, W.Va., March 17, 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 on the outstanding shares of its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (the "Series A Preferred Stock") (Nasdaq:WSBCP).  The declared cash dividend on the Series A Preferred Stock is for the period from February 15, 2022, up to, but excluding May 15, 2022.  The declared cash dividend equates to $0.421875 per depositary share, or $16.875 per share of the Series A Preferred Stock outstanding.  The cash dividend is payable on May 16, 2022 to shareholders of record on May 1, 2022.

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 $5.6 billion of assets under management (as of  December 31, 2021).  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 cash dividend amount declared by WesBanco on its preferred stock?

WesBanco declared a cash dividend of $0.421875 per depositary share on its preferred stock.

When will the cash dividend for WesBanco's preferred stock be paid?

The cash dividend will be payable on May 16, 2022.

What is the record date for WesBanco's preferred stock dividend?

The record date for the dividend is May 1, 2022.

What is the period covered by the declared dividend for WesBanco's preferred stock?

The declared dividend covers the period from February 15, 2022, to May 15, 2022.

What is WesBanco's stock symbol?

WesBanco's stock symbols are WSBC for common stock and WSBCP for preferred stock.