Webster Financial Corporation Declares Common and Preferred Dividends

Rhea-AI Summary

Webster Financial Corporation (NYSE:WBS) has announced a quarterly cash dividend of $0.40 per share on its common stock, payable on August 17, 2021 to shareholders of record as of August 3, 2021. Additionally, for its Series F Preferred Stock, a dividend of $328.125 per share will be paid on September 15, 2021 to shareholders of record on September 1, 2021. With assets totaling $33.3 billion, Webster provides a range of banking services through its extensive network.

Positive

• Quarterly cash dividend of $0.40 per share demonstrates strong shareholder returns.
• Confidence in financial stability reflected by the declaration of both common and preferred dividends.

Negative

• None.

WATERBURY, Conn., July 19, 2021 /PRNewswire/ -- Webster Financial Corporation (NYSE:WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today 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 August 17, 2021 to shareholders of record as of August 3, 2021.

On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($.328125 per each depositary share, 1,000 of which represent one share of Series F Preferred Stock), payable September 15, 2021 to shareholders of record on September 1, 2021.

About Webster
Webster Financial Corporation is the holding company for Webster Bank, National Association and its HSA Bank division. With $33.3 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 130 banking centers and 253 ATMs. Webster also provides mobile and online banking. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services. 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.

Media Contact:
Alice Ferreira, 203-578-2610
acferreira@websterbank.com

Investor Contact:
Kristen Manginelli, 203-578-2307
kmanginelli@websterbank.com

View original content:https://www.prnewswire.com/news-releases/webster-financial-corporation-declares-common-and-preferred-dividends-301336852.html

SOURCE Webster Financial Corporation

FAQ

What is the amount of the common stock dividend declared by WBS?

Webster Financial Corporation declared a quarterly cash dividend of $0.40 per share on its common stock.

When will the dividend on common stock be paid for WBS?

The dividend on common stock will be payable on August 17, 2021.

What is the dividend amount for Series F Preferred Stock of WBS?

The dividend on Series F Preferred Stock is $328.125 per share.

What is the payment date for the Series F Preferred Stock dividend for WBS?

The payment date for the Series F Preferred Stock dividend is September 15, 2021.

Who are the shareholders of record for the common stock dividend of WBS?

Shareholders of record for the common stock dividend are as of August 3, 2021.

What are the assets of Webster Financial Corporation?

Webster Financial Corporation has assets totaling $33.3 billion.