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

+0.85%

1 alert

+0.85% News Effect

On the day this news was published, WSBC gained 0.85%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

WHEELING, W.Va., Aug. 21, 2024 /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 $0.36 per share to be paid to its holders of common stock. The dividend will be payable on October 1, 2024 to shareholders of record on September 6, 2024, and represents an annualized cash dividend rate of $1.44 per common share.

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 Wheeling, West Virginia, WesBanco has $18.1 billion in total assets, with our Trust and Investment Services holding $5.6 billion of assets under management and securities account values (including annuities) of $1.8 billion through our broker/dealer, as of June 30, 2024. Learn more at www.wesbanco.com and follow @WesBanco on Facebook, LinkedIn and Instagram.

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SOURCE WesBanco, Inc.

FAQ

What is WesBanco's (WSBC) quarterly dividend amount for 2024?

WesBanco (WSBC) has declared a quarterly cash dividend of $0.36 per share for 2024.

When will WesBanco (WSBC) pay its next quarterly dividend?

WesBanco (WSBC) will pay its next quarterly dividend on October 1, 2024, to shareholders of record on September 6, 2024.

What is WesBanco's (WSBC) annualized cash dividend rate?

WesBanco's (WSBC) annualized cash dividend rate is $1.44 per common share.

How much in total assets does WesBanco (WSBC) have as of June 30, 2024?

WesBanco (WSBC) reported total assets of $18.1 billion as of June 30, 2024.