Webster Financial Corporation Declares Common and Preferred Dividends

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Webster Financial (WBS) announces dividends for its common and preferred stock. The company declared a quarterly cash dividend of $0.40 per share on common stock, payable on May 16, 2024. Additionally, dividends were declared for Series F and Series G Preferred Stock, with payments scheduled for June 15, 2024, and July 15, 2024, respectively.

STAMFORD, Conn.--(BUSINESS WIRE)-- Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock.

The dividend on common shares will be payable May 16, 2024, to shareholders of record as of May 6, 2024.

On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable June 15, 2024, to shareholders of record on June 1, 2024.

On its Series G Preferred Stock, Webster declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share, 40 of which represents one share of Series G Preferred Stock), payable July 15, 2024, to shareholders of record on June 30, 2024.

About Webster

Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking and Healthcare Financial Services, one of the country's largest providers of employee benefits and administration of medical insurance claim settlements solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $76 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240424223843/en/

Media Contact:

Alice Ferreira, 203-578-2610

acferreira@websterbank.com

Investor Contact:

Emlen Harmon, 212-309-7646

eharmon@websterbank.com

Source: Webster Financial Corporation

FAQ

What dividends did Webster Financial declare for its common stock (WBS)?

Webster Financial declared a quarterly cash dividend of $0.40 per share on its common stock, payable on May 16, 2024.

When will the dividends for Webster Financial 's Series F Preferred Stock (WBS) be paid?

The dividends for Webster Financial 's Series F Preferred Stock will be payable on June 15, 2024.

How much is the quarterly cash dividend declared for Webster Financial 's Series G Preferred Stock (WBS)?

The quarterly cash dividend declared for Webster Financial 's Series G Preferred Stock is $16.25 per share, payable on July 15, 2024.