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 (WSBCP). The dividend covers the period from May 15, 2022 to August 15, 2022, payable on August 15, 2022, to shareholders of record as of August 1, 2022. This reflects the company's ongoing commitment to returning value to shareholders while maintaining its diversified operations across six states.

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• Declared quarterly cash dividend of $0.421875 per depositary share.
• Demonstrates commitment to shareholder value.

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• None.

WHEELING, W.Va., July 20, 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 May 15, 2022, up to, but excluding August 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 August 15, 2022 to shareholders of record on August 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 $5.4 billion of assets under management (as of March 31, 2022).  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 dividend amount declared by WesBanco for WSBCP?

WesBanco declared a dividend of $0.421875 per depositary share for its 6.75% Non-Cumulative Perpetual Preferred Stock, Series A (WSBCP).

When is the dividend payment date for WesBanco's preferred stock?

The dividend for WesBanco's preferred stock is payable on August 15, 2022.

Who qualifies for the dividend payment from WesBanco?

Shareholders of record on August 1, 2022, will qualify for the dividend payment.