WesBanco Declares Quarterly Cash Dividend to Its Shareholders

WesBanco, Inc. (Nasdaq:WSBC) declared a quarterly cash dividend of $0.32 per share, payable on October 1, 2020, to shareholders of record on September 11, 2020.

Rhea-AI Summary

WesBanco, Inc. (Nasdaq:WSBC) declared a quarterly cash dividend of $0.32 per share, payable on October 1, 2020, to shareholders of record on September 11, 2020. This dividend reflects an annualized rate of $1.28 per common share. WesBanco is a diversified financial services company operating in six states, offering a wide range of banking and financial products. The company has approximately $4.5 billion in assets under management as of June 30, 2020.

Positive

• Quarterly cash dividend of $0.32 per share aids in income for shareholders.
• Annualized dividend rate of $1.28 indicates company confidence.

Negative

• None.

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News Market Reaction – WSBC

The recorded move for WSBC in the trading session of this news was -1.28%.

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WHEELING, W.Va., Aug. 27, 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 October 1, 2020 to shareholders of record on September 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 $4.5 billion of assets under management (as of June 30, 2020).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 236 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.

 

View original content:http://www.prnewswire.com/news-releases/wesbanco-declares-quarterly-cash-dividend-to-its-shareholders-301120008.html

SOURCE WesBanco, Inc.

FAQ

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What is the dividend amount declared by WesBanco (WSBC)?

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

When will WesBanco's dividend be paid?

The dividend will be payable on October 1, 2020.

What is the record date for WesBanco's dividend?

Shareholders of record on September 11, 2020, will receive the dividend.

What is the annualized dividend rate for WesBanco?

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