WesBanco Declares Quarterly Cash Dividend to Its Shareholders

Rhea-AI Summary

WesBanco, Inc. (NASDAQ:WSBC) has declared a quarterly cash dividend of $0.35 per share, with an annualized rate of $1.40 per common share. The payment is set for April 1, 2023, to shareholders recorded on March 10, 2023.

This decision reflects WesBanco's commitment to returning value to shareholders and enhances its reputation as a financially stable institution.

Positive

• Quarterly cash dividend of $0.35 per share enhances shareholder value.
• Annualized cash dividend rate stands at $1.40 per common share.

Negative

• None.

News Market Reaction – WSBC

-0.43%

-0.43% Session move

In the trading session that priced this news, WSBC declined 0.43%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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WHEELING, W.Va., Feb. 23, 2023 /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 $0.35 per share to be paid to its holders of common stock. The dividend will be payable on April 1, 2023 to shareholders of record on March 10, 2023, and represents an annualized cash dividend rate of $1.40 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.  Furthermore, our strong financial performance and employee focus has earned us recognition by Forbes as both one of America's Best Banks and Best Midsize Employers.  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 $4.9 billion of assets under management (as of December 31, 2022).  WesBanco's banking subsidiary, WesBanco Bank, Inc., operates 194 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 declared a quarterly cash dividend of $0.35 per share.

When will the dividend be paid to shareholders of WesBanco (WSBC)?

The dividend will be paid on April 1, 2023.

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

The record date for the dividend payment is March 10, 2023.

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

The annualized dividend rate is $1.40 per common share.