WesBanco Declares Quarterly Cash Dividend Upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) has announced 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 August 15, 2021 to November 15, 2021, payable on November 15, 2021. Shareholders of record as of November 1, 2021 will receive this distribution, amounting to $16.875 per share. This announcement reflects WesBanco's commitment to returning value to its investors.

Positive

• Declared cash dividend of $0.421875 per depositary share.
• Demonstrates company commitment to returning value to investors.

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• None.

WHEELING, W.Va., Oct. 20, 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 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 August 15, 2021, up to, but excluding November 15, 2021.  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 November 15, 2021 to shareholders of record on November 1, 2021.

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 $5.5 billion of assets under management (as of  June 30, 2021).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 206 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 for its Series A Preferred Stock?

WesBanco declared a dividend of $0.421875 per depositary share.

When is the dividend for WesBanco's Series A Preferred Stock payable?

The dividend is payable on November 15, 2021.

What is the record date for receiving the dividend from WesBanco?

The record date for the dividend is November 1, 2021.

How does the declared dividend impact WSBC shareholders?

The declared dividend reflects WesBanco's commitment to providing returns to its shareholders.