WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) has announced a quarterly cash dividend of $0.32 per share, to be paid on January 2, 2021. Shareholders of record as of December 11, 2020 will receive this dividend, reflecting an annualized rate of $1.28 per common share. WesBanco provides a range of financial services across six states, with a focus on community banking and customer service. The company manages approximately $4.6 billion in assets as of September 30, 2020.

Positive

• Declaration of $0.32 quarterly cash dividend indicating strong financial performance.
• Annualized dividend rate of $1.28 shows company commitment to returning value to shareholders.
• WesBanco's diverse financial services and significant market share may enhance stability.

Negative

• None.

News Market Reaction – WSBC

+0.09%

+0.09% Session move

In the trading session that priced this news, WSBC gained 0.09%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WHEELING, W.Va., Nov. 18, 2020 /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 of $0.32 per share to be paid to its holders of common stock.  The dividend will be payable on January 2, 2021 to shareholders of record on December 11, 2020, and represents an annualized cash dividend rate of $1.28 per common share.

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 $4.6 billion of assets under management (as of September 30, 2020).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 233 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 (WSBC)?

WesBanco has declared a quarterly cash dividend of $0.32 per share.

When is the dividend payment date for WesBanco (WSBC)?

The dividend will be payable on January 2, 2021.

What is the record date for the WesBanco (WSBC) dividend?

The record date for the dividend is December 11, 2020.

What is the annualized dividend rate for WesBanco (WSBC)?

The annualized cash dividend rate is $1.28 per common share.