WesBanco Declares Quarterly Cash Dividend Upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) announced a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A. This dividend covers the period from May 15, 2021 to August 15, 2021, and is payable on August 16, 2021 to shareholders of record as of August 2, 2021. This marks a continual return to shareholders, reinforcing WesBanco's commitment to delivering value.

Positive

• Declared cash dividend of $0.421875 per depositary share, indicating strong shareholder returns.
• Continued commitment to dividend payments enhances investor confidence in the company.

Negative

• None.

WHEELING, W. Va., July 21, 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 May 15, 2021, up to, but excluding August 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 August 16, 2021 to shareholders of record on August 2, 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 $5.2 billion of assets under management (as of  March 31, 2021).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 212 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 amount of the cash dividend declared by WesBanco (WSBC)?

WesBanco declared a cash dividend of $0.421875 per depositary share on its Series A Preferred Stock.

When will the cash dividend for WSBC be paid?

The cash dividend will be paid on August 16, 2021.

What is the record date for the dividend payment of WSBC?

The record date for the dividend payment is August 2, 2021.

What period does the dividend cover for WesBanco (WSBC)?

The dividend covers the period from May 15, 2021, to August 15, 2021.