WesBanco Declares Increase in Quarterly Cash Dividend to Its Shareholders
WesBanco, Inc. (NASDAQ: WSBC) announced a 3.1% increase in its quarterly cash dividend, raising it to $0.33 per common share from $0.32.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
WesBanco, Inc. (NASDAQ: WSBC) announced a 3.1% increase in its quarterly cash dividend, raising it to $0.33 per common share from $0.32. This dividend will be payable on April 1, 2021, to shareholders of record on March 12. This marks the fourteenth increase since 2010, with a cumulative rise of 136% over that period. The new annualized cash dividend rate will be $1.32, representing a yield of approximately 4.0% based on the previous closing stock price of $33.36.
Positive
- 3.1% increase in quarterly cash dividend to $0.33 per share.
- Fourteenth dividend increase since 2010, with a cumulative growth of 136%.
- New annualized cash dividend rate of $1.32 per share represents a 4.0% yield.
Negative
- None.
Details
News Market Reaction – WSBC
The recorded move for WSBC in the trading session of this news was -0.65%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WHEELING, W.Va., Feb. 25, 2021 /PRNewswire/ -- WesBanco, Inc. (NASDAQ: WSBC), a diversified, multi-state bank holding company announced today that its Board of Directors has approved a
The WesBanco Board of Directors approved this most recent cash dividend increase based in part on the Company's improving net income and capital position. The new cash dividend represents an annualized cash dividend rate of
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
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SOURCE WesBanco, Inc.
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