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 applies to the period from February 15, 2021 to May 15, 2021, and will be payable on May 17, 2021, to shareholders of record as of May 3, 2021. This demonstrates the company’s commitment to returning value to investors amidst its diversified financial services operations.

Positive

• Declared cash dividend of $0.421875 per depositary share for Series A Preferred Stock.
• Dividend reflects confidence in the company's ongoing financial stability.

Negative

• None.

WHEELING, W.Va., April 22, 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 February 15, 2021, up to, but excluding May 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 May 17, 2021 to shareholders of record on May 3, 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 $5.0 billion of assets under management (as of  December 31, 2020).  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 dividend amount declared by WesBanco for WSBCP?

WesBanco has declared a dividend of $0.421875 per depositary share for the Series A Preferred Stock.

When is the dividend for WSBCP payable?

The dividend is payable on May 17, 2021.

What is the record date for WesBanco's dividend payment?

The record date for the dividend payment is May 3, 2021.

What period does the declared dividend for WSBCP cover?

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