WesBanco Declares Quarterly Cash Dividend Upon Its Perpetual Preferred Stock

Rhea-AI Summary

WesBanco has declared a quarterly cash dividend of $0.421875 per depositary share on its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP). This dividend is for the period from August 15, 2022 to November 15, 2022, and is payable on November 15, 2022 to shareholders of record on November 1, 2022. This reflects the company's commitment to returning value to its investors amidst a challenging economic environment.

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• Declared a cash dividend of $0.421875 per depositary share, highlighting financial stability.

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WHEELING, W.Va., Sept. 21, 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 August 15, 2022, up to, but excluding November 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 November 15, 2022 to shareholders of record on November 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.  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 $4.8 billion of assets under management (as of June 30, 2022).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 194 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 for WesBanco's preferred stock WSBCP?

The dividend amount for WesBanco's preferred stock WSBCP is $0.421875 per depositary share.

When is the dividend for WSBCP payable?

The dividend for WSBCP is payable on November 15, 2022.

What are the dates for the dividend period for WSBCP?

The dividend period for WSBCP runs from August 15, 2022, up to November 15, 2022.

Who are the shareholders eligible for the dividend payment on WSBCP?

Shareholders of record as of November 1, 2022, are eligible for the dividend payment.