WesBanco Declares Quarterly Cash Dividend to Its Shareholders
Rhea-AI Summary
WesBanco, Inc. (NASDAQ: WSBC), a diversified, multi-state bank holding company, has declared a quarterly cash dividend of $0.36 per share for its common stock shareholders. The dividend will be paid on October 1, 2024, to shareholders of record on September 6, 2024. This represents an annualized cash dividend rate of $1.44 per common share.
WesBanco, with over 150 years of experience, operates across eight states, offering a comprehensive range of banking, trust, brokerage, wealth management, and insurance services. As of June 30, 2024, the company reported total assets of $18.1 billion, with Trust and Investment Services managing $5.6 billion in assets and securities account values of $1.8 billion through its broker/dealer.
Positive
- Declared quarterly cash dividend of $0.36 per share
- Annualized cash dividend rate of $1.44 per common share
- Total assets of $18.1 billion as of June 30, 2024
- $5.6 billion in assets under management in Trust and Investment Services
- $1.8 billion in securities account values through broker/dealer
Negative
- None.
News Market Reaction – WSBC
In the trading session that priced this news, WSBC gained 0.85%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
About WesBanco, Inc.
With over 150 years as a community-focused, regional financial services partner, WesBanco Inc. (NASDAQ: WSBC) and its subsidiaries build lasting prosperity through relationships and solutions that empower our customers for success in their financial journeys. Customers across our eight-state footprint choose WesBanco for the comprehensive range and personalized delivery of our retail and commercial banking solutions, as well as trust, brokerage, wealth management and insurance services, all designed to advance their financial goals. Through the strength of our teams, we leverage large bank capabilities and local focus to help make every community we serve a better place for people and businesses to thrive. Headquartered in
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SOURCE WesBanco, Inc.